5 ms·
Either they had it and destroyed it, lost it or did what lots of small businesses do and had a credit card or checking account only used for business, then refe
by cloakandswagger 10y ago
Either they had it and destroyed it, lost it or did what lots of small businesses do and had a credit card or checking account only used for business, then referred against the statements to determine deductions (sans receipts)
- ncallaway 10y agoIs an e-mail copy receipt sufficient for the IRS? As a small business, we travel a lot and obviously book travel online (as well as make a number of other business purchases online). I've never even considered that the e-mail receipt or purchase history on Amazon.com might not be sufficient documentation. Is this something I should spend the next half-hour researching, or am I concerned over nothing?
- johncolanduoni 10y agoIANAL, but looks like it's addressed on page 9 here: https://www.irs.gov/pub/irs-irbs/irb97-13.pdf https://www.irs.gov/pub/irs-irbs/irb97-13.pdf I'd be shocked if it wasn't, since invoicing purely by e-mail is pretty common these days.
- gamblor956 10y agoReceipts can be trivially documented by taking pictures with a cell phone at the time of purchase.... In my experience bank/cc statements have been sufficient documentation for smaller or recurring expenses.