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What happens if you get audited and don’t have receipts?

xendoo

For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule. Since most vendors use online invoicing and billing systems, they’ll have copies of your records. Professional tax services like Xendoo make bookkeeping easy for businesses.

audit 52
article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule. Since most vendors use online invoicing and billing systems, they’ll have copies of your records. Professional tax services like Xendoo make bookkeeping easy for businesses.

audit 52