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

xendoo

The Cohan rule Missing receipts are so common that since the 1930s, there has been a legal rule that outlines options for taxpayers that don’t have them. However, there are many records that businesses need to keep, including receipts, financial statements, payroll, and much more.

audit 52
article thumbnail

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

xendoo

The Cohan rule Missing receipts are so common that since the 1930s, there has been a legal rule that outlines options for taxpayers that don’t have them. However, there are many records that businesses need to keep, including receipts, financial statements, payroll, and much more.

audit 52