What happens if you get audited and don’t have receipts?
xendoo
MAY 16, 2023
The worst-case scenario is that the IRS may remove some business tax credits and deductions you claim. Audits aren’t as big a deal as movies and the media make them out to be, especially if you keep organized business records. However, the IRS can reject your deductions even if you follow the Cohan rule.
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