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Old 04-18-2009, 03:39 AM
Diesel66 Diesel66 is offline
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Quote:
Originally Posted by Bookkeeper1 View Post
On issues of Cell Phone, Computers and some others, these are just 2 examples. The IRS views that if the expence is used for more than 50% business, then it 100% write off. If you dont, then you get no write off for the expence at all. Business travel in the US is subject to what the IRS calls the "All or Nothing Rule" Just make sure you keep good record on these expences and be ready to explain them if asked.
????????

that's the ONLY time I've ever heard that. Every other single person/website/whatever says you can deduct a percentage of cell phones and similar bills. Just like you can deduct a percentage of your rent/mortgage if you fit all the requirements of a home office. It's not an all or nothing.
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