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

xendoo

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. Businesses can avoid audits with accurate and organized bookkeeping year-round.

audit 52
article thumbnail

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

xendoo

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. Businesses can avoid audits with accurate and organized bookkeeping year-round.

audit 52