Business
Cell Phone Restrictions Removed
Effective for tax years beginning after 2009, cell
phones and similar telecommunications devices used for business are no longer
subject to the ultra-strict recordkeeping requirements that formerly applied.
This retroactive change has some taxpayer-friendly consequences. For instance,
a self-employed individual is no longer required to keep detailed usage records
to prove that a cell phone is used for business. However, if the individual has
only one cell phone used for both personal and business purposes, some
recordkeeping will still be necessary to determine allowable business
deductions. An employee who uses a personal cell phone for his or her
employer’s business can now claim the related costs as a miscellaneous itemized
deduction without having to prove the phone usage was for the employer’s
convenience.