Don’t get me wrong!
I’m very much in favor of following the tax law to the letter. But there is one section of the law that you shouldn’t take seriously.
It’s the part that gives you the impression that saving your receipts isn’t always necessary.
While the law may not always require receipt-keeping, Uncle Sam always requires proof. And if you don’t have receipts, you’ll have to reconstruct your purchases years after the fact. A painful job to be sure.
Want to learn the easy way to provide the proof that the IRS requires. Just read my new article titled Tax Tips: Ignore the Tax Code’s Rules on Receipts.
Here’s just some of what you’ll learn in my new fact-filled article:
- Which two items of proof the IRS always requires!
- Why you should avoid paying cash to cover business expenses!
- The first four questions an auditor will ask about your cash payments!
- Why you should keep your bank and credit-card statements too!
- The three times you must always come up with receipts!
- How to get a deduction when you take a client out for dinner!
- An easy-to-understand table that lists proof requirements!
- Why scanning receipts can be a lifesaver!
… and much more!
