The ACC Nonprofit Organizations Committee, in a letter to the ranking members of the Finance and Ways and Means Committees, registers its support of S. 144 and H.R. 690, which, if enacted, will delist employer-provided cellular phones, Blackberrys, or Windows Media devices (collectively, “cell phones”) from the “listed property” rules.
Currently, under IRS rules, nonprofits are required to report all employee compensation on Form 990, and personal use of employer-provided cell phones is considered employee compensation, required to be reported as such.
For more, see the letter:
ACC Nonprofit Organizations Committee letter on S.144 and HR 690, 9/16/09