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The #1 Reason Tax Deductions Get Denied

May 24, 2025

“Protect Yourself:
Digitize Tax Receipts”

To get my complete article
with all the details…

Is Your Credit Card Statement Naked?

How about your checkbook?

If your credit card statement or checkbook lacks supporting receipts, the IRS considers it “naked”—and that can be a problem when you’re claiming tax deductions.

Protect Your Deductions—Go Digital

IRS audits aren’t rare, and missing receipts are the most common reason taxpayers lose deductions. Even if you keep perfect accounting records, they aren’t enough. You need proof of what you bought and why.

  • Receipts show what you bought.
  • Statements show that you paid.
  • Together, they prove your deduction.

But here’s the catch: paper receipts fade and disappear.

The Smart Fix? Go Digital

You don’t need a bulky scanner anymore. With just your smartphone and an app like Shoeboxed, Expensify, or Zoho Expense, you can:

  • Instantly digitize receipts after a business meal or purchase
  • Safely store and organize receipts online
  • Add notes to record business purpose and relationships
  • Sync data directly to your accounting software

Want to safeguard your deductions with ease?

Read the full article now: Protect Yourself: Digitize Tax Receipts

It’s a quick read that could save you a fortune—and a headache—come audit time.

CLICK HERE to read my completely new article titled:

“Protect Yourself:
Digitize Tax Receipts”

Filed Under: Audits, Filing tips, Receipts, Records, Tax Planning

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