My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Finance / Entrepreneur Network

Be Smart About Writing Off Your Smartphone During Tax Time

Premium video network providing entertainment and education from successful entrepreneurs and thought leaders
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Wouldn't it be nice to write off all those exorbitant fees that we all seem to pay every month for our smartphones and data?

As part of his tax and legal tips video series, Entrepreneur Network partner Mark Kohler describes four ways you can make this happen if you use your phone in a small-business context.

1. You've got to have a small biz on the side.

2. Your cell phone is not listed property, so it does not depreciate.

3. Be sure to have a personal line somewhere.

4. Are your kids or spouse involved in the business? Even better. 

Watch the video to learn more, and check out Kohler's new book, The Tax and Legal Playbook, at Entrepreneur's online bookstore. 

Related: Converting to an S Corporation Will Save You Thousands in Taxes

How to Stop Procrastinating and Achieve Your Goals