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Article Date:
February 2012


Word Count:
942

 

 

Corporations Beat Proprietorships in Tax Deductions for Cell Phones


How do you operate your business? As a proprietorship? A corporation? An LLC?

 

It makes a difference when it comes to claiming tax deductions for the cost of a cell phone. Corporations win!

 

Your corporation can deduct the cost of the cell phone and its usage charges when it gives you (or reimburses you for) a business-purpose cell phone. And it can do this with virtually no recordkeeping required either by the corporation or by you, the owner-employee.

 

Such favorable tax treatment is not available to the sole proprietor or the single-member LLC.

 

How Did This Happen?

 

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