The Small Business Jobs Act of 2010 removes cell phones and similar telecommunications equipment, such as BlackBerry phones and other PDAs from the definition of listed property. President Obama signed the Act and the change is retroactive to January 1, 2010. The removal of cell phones from listed property is expected to reduce the substantiation required for employees to show business use. However, the IRS has not yet issued specific guidance on the extent to which the substantiation burden will be reduced.
Until further notice, the University will continue to follow its cell phone policy published in Business and Finance Bulletin G-46, Guidelines for the Purchase and Use of Cellular Phones and Other Portable Electronic Resources (see Related Information).
If you have any questions, please contact Scott Monatlik, UCLA’s Director of Tax Services, at (310) 794-6724.