Article Date:
May 2017

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Create Tax-Free Fringe Benefit Deductions for Your Smartphone

How do you operate your business? As a proprietorship? A corporation? A partnership? (Note that your LLC falls into one of the categories.)


Your business entity makes a big difference when it comes to the personal tax benefits you as a small business owner can realize on your personal costs for a smartphone such as an Android phone or an iPhone.


And depending on how you operate your business, you can achieve the tax benefits without keeping any tax records on your smartphone usage. For this added and delightful benefit, say thanks to the IRS and your lawmakers.


If you have employees or independent contractors, you can bless them by paying for their smartphones and not requiring them to keep any phone usage records.


This article sets out the relatively new and certainly improved smartphone rules that you will actually like. (How’s that for a tax law?)


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