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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. Missing receipts could mean you have inaccurate records and tax returns, which could trigger an audit. 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. Missing receipts could mean you have inaccurate records and tax returns, which could trigger an audit. Professional tax services like Xendoo make bookkeeping easy for businesses.

audit 52