When and How To Keep Receipts To Prove Tax Write-Offs
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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Does the IRS have requirements on receipts being kept under certain price points? Ie. If the purchase is under $10 you don’t have to keep the receipt…or just need to keep all receipts?
@mtigress4589
11 ай бұрын
An auditor generally doesn't have time to worry about small transactions like that. However if there are a ton of similar small transactions they are going to want the receipts.
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