CELLPHONE POLICY

 

University employees who have been issued cell phones by the university will no longer have to keep a record of their use.  The IRS recently issued Notice 2011-72 which provides guidance on the taxability of university-provided phones. 

 

Generally, if the cell phone is provided to the employee “primarily for noncompensatory business reasons,” the business and personal use of the phone is nontaxable.  That means that there is no longer a requirement for substantiation, i.e., record keeping.

 

Employees will still be responsible for the timely review and approval of monthly statements, as they will be responsible for reimbursing the university for any additional charges stemming from personal use.

 

 

 



 



 

Contact:

 

Charles M. Peccolo

Vice President & Treasurer

 

301 Andy Holt Tower
Knoxville, TN 37996
865-974-2302
865-974-2701 Fax