Today, I released the following statement in response to the U.S. House of Representatives passing the Taxpayer Assistance Act (H.R. 4994). The Act includes the IRS listed property bill (H.R. 690), which would mean individuals who have a business-provided mobile device are no longer required to record: (1) the amount of such expense or other item, (2) the time and place of the use of the property, (3) the business purpose of the expense, and (4) the business relationship to the taxpayer of the persons using the property:
“CTIA and the wireless industry appreciate the House’s passage of the Taxpayer Assistance Act, as we believe employers and employees should not be punished for working more efficiently and effectively. We agree with the President, the Treasury Secretary and the IRS Commissioner that the outdated tax treatment of employer-provided wireless devices needs to be fixed. Today’s action by the House is a step in the right direction, and we hope the Senate will follow suit soon.
“Wireless devices empower employees to be much more efficient, increasing business productivity and saving companies millions of dollars in burdensome compliance costs. That is why it is so absurd to think that this rule is still in place. In 1989, the average wireless consumer used his phone for 122 minutes per month and paid more than $98. Today, the average consumer uses his phone for almost 900 minutes and pays a little more than $48. Asking employees to catalog their wireless usage is a burden whose cost outweighs its benefit.”