{"id":1330,"date":"2011-09-30T01:14:54","date_gmt":"2011-09-30T01:14:54","guid":{"rendered":"http:\/\/www.lmgw.com\/?p=1330"},"modified":"2011-09-30T01:14:54","modified_gmt":"2011-09-30T01:14:54","slug":"personal-use-cell-phones-nontaxable","status":"publish","type":"post","link":"https:\/\/lmgw.com\/wordpress\/matt\/personal-use-cell-phones-nontaxable\/","title":{"rendered":"Personal use of employer provided cell phones nontaxable"},"content":{"rendered":"<p>In an unusual move, the IRS\u00a0recently issued Notice 2011-72 determining personal use of employer provided cell phones is not taxable to the employee. Additionally, no record-keeping of usage is required. This is in stark contrast to many other provisions of the Internal Revenue Code that\u00a0have strict record-keeping and substantiation requirements.<!--more--><\/p>\n<p>The move follows a change to\u00a0the Code\u00a0last year\u00a0by the 2010 Small Business Jobs Act removing cell phones and other similar telecommunications equipment from the &#8220;listed property&#8221; category of business assets. Typically &#8220;listed property&#8221; is subject to strict record-keeping guidelines to prevent tax abuse by employers and employees.<\/p>\n<p>The new rules apply for tax years beginning after December 31, 2009 and should make it easier for businesses and individuals to stay in compliance.\u00a0It seems at least once in a while the IRS does get something right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an unusual move, the IRS\u00a0recently issued Notice 2011-72 determining personal use of employer provided cell phones is not taxable to the employee. Additionally, no record-keeping of usage is required. This is in stark contrast to many other provisions of the Internal Revenue Code that\u00a0have strict record-keeping and substantiation requirements.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,3,8],"tags":[],"class_list":["post-1330","post","type-post","status-publish","format-standard","hentry","category-business","category-matt","category-tax"],"_links":{"self":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1330"}],"version-history":[{"count":3,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1330\/revisions"}],"predecessor-version":[{"id":1333,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1330\/revisions\/1333"}],"wp:attachment":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}