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Cell Phones Won’t Be ‘Listed Property’ Much Longer

By Michael Cohn
September 17, 2010

The Small Business Jobs Act that the Senate passed on Thursday contains a provision that the AICPA and cell phone providers have clamored for: the removal of  “cellular telephones and similar telecommunications equipment” from the IRS’s set of “listed property” so their cost could be deducted or depreciated like other business property, without tiresome record-keeping requirements.

Even the IRS has given in on this one after hearing complaints for years about the headaches of distinguishing business use from personal use of mobile phones, and the problems associated with keeping track of how much time has been spent on which types of calls. The House still has to pass the legislation, but that’s expected to happen soon, and the cell phone provision isn’t likely to be left out of the House bill.

That will come just in time as more smart phones hit the market with sophisticated features for business users that are sure to tempt them to try out the more personal types of functions. Even phones that have traditionally been aimed at a business audience, like Research In Motion’s BlackBerry, have steadily been gaining more consumer features in recent years to broaden their appeal.

RIM showed off several of its newest models at Pepcom’s Holiday Spectacular technology preview in New York on Wednesday evening. One of its new phones, the Storm2, features an iPhone-like touch screen. Other vendors are introducing Google Android-based phones with the ability to download applications from an App Store reminiscent of Apple’s own collection of apps.

The new phones and the IRS’s relaxed record-keeping requirements, thanks to Congress, may give the wireless industry a needed shot in the arm just in time for holiday shopping.


Of course this still doesn't solve the problem of the Self-Employed, or the Employed without Company reimbursement, without a Land Line for personal use.

Or the same taxpayers with only one Land Line.

A prize to the person who provides the perfect solution, hopefully to be offered by WebCPA, thank you.

Posted by: | September 20, 2010 4:50 PM

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