Probably as a business expense it can be deducted from income for the business + no increase in personal income for him. It's not free but is something like a 50% savings vs. paying himself and buying it personally.
You really can’t hand down your business expensed iPhone to a family member.
That’s liable to land you in hot water in an audit.
Gotta write off the wife, too.
I guess he buys it from his business at a (heavily) depreciated price?
Yeah, electronic devices has crazy high depreciation rates.
Unless it's over $2500 it's probably a business expense and not an asset, so the IRS wouldn't care what you did with it later.
source for this?
my accountant.
Wow! You're right, since 2010 cell phones (and computers under $2500) haven't been listed property.