What happens if you get audited and don’t have receipts?
xendoo
MAY 16, 2023
From there, you’ll communicate with your auditor and provide the documents they ask for. For example, if your deductions include certain expenses like entertainment, you can’t claim the Cohan rule. There are many reasons the IRS might audit a business, but most happen due to random selection or tax errors.
Let's personalize your content