Phone Usage deduction. Personal vs Business separation.
Discussion in 'Trucker Taxes and Truck Financing' started by TallJoe, Feb 23, 2017.
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Separate. 75% will be good without details
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I have a dedicated (just me) Verizon account, as it is the only reliable 4G all states I know of. It costs me about 2K a year. I use it for business; but personal too.What if it splits 60 personal / 40 business (talk time, and data even more)? The rest of family are on a different account with T-Mobile. Tempting to use all of it. But of course my personal calls/data should not count. But how are they gonna know? How am I gonna know, other than go through all the calls the entire year and somehow itemize them. If there is a business office (also including Post office, IRS facilities) they also dial/receive personal calls (no?) and most likely write off the whole phone/internet bills. The accountant does not want to get into interpretation, just wants me to state the cost.
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Total phone - personal = business. Then Total phone/business = % you can use for the other items on bill.
not hard to do a spreadsheet. if you wish send me a conversation and we can discuss. I do spreadsheets all the time and I kept 14 while I was a company driver.... CYA all the time... for example I even had the time I bumped to dock... and then released from dock.
Keep your phone records... if you run a data plan from your phone then look at that.
Cost of phone and any assy could be added to business.UsualSuspect and TallJoe Thank this. -
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You all seriously separate your personal minutes from your business minutes?
DirtyBrown Thanks this. -
ChicagoJohn Thanks this.
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Do you pay for x amount of minutes or is it unlimited?
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What I would do is take 3 different months and determine the % of business calls versus personal calls. Then avg the 3 months to get a "avg" % and then use that for all your phone bills.
TallJoe Thanks this.
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