Mobile Future

The IRS sees the light (or at least the wireless glow)

Earlier this week, the IRS announced it will no longer seek to tax “personal use of cell phones provided by employers.”  Previously, the agency had considered making 25 percent of the costs for company-issued wireless devices taxable for employees. Understandably, in today’s fast-paced environment where many people can’t fully perform their jobs without using a wireless device, this idea raised a lot of red flags.

Thankfully, the agency realized that this statute of the tax code is “burdensome, poorly understood by taxpayers and difficult for the IRS to administer consistently,” said IRS Commissioner Doug Shulman, and “the passage of time, advances in technology and the nature of communications in the modern workplace have rendered this law obsolete.”  

Now, about the rest of the tax code…