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

xendoo

There are many reasons the IRS might audit a business, but most happen due to random selection or tax errors. From there, you’ll communicate with your auditor and provide the documents they ask for. Missing receipts could mean you have inaccurate records and tax returns, which could trigger an audit.

audit 52
article thumbnail

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

xendoo

There are many reasons the IRS might audit a business, but most happen due to random selection or tax errors. From there, you’ll communicate with your auditor and provide the documents they ask for. Missing receipts could mean you have inaccurate records and tax returns, which could trigger an audit.

audit 52