by Todd Schanel, CFA, CPA, CFP® | Apr 23, 2019 | IRS, Self-Employed, Tax Advice, Tax Deductions
In the event of an IRS audit, you need to provide documentation for your deductible expenses. Some people keep the receipts, while others keep credit card statements. So what exactly do you need to keep? Keep the receipt and the credit card statement In general,...
by Todd Schanel, CFA, CPA, CFP® | Apr 15, 2019 | IRS, Tax Advice
Keeping track of receipts for tax-deductible expenses can be a hassle. File cabinets stacked with invoices and wallets filled with paper receipts take up time and space and can become downright annoying. One solution to this problem is to convert paper receipts...
