Are credit card statements sufficient to prove expenses to the IRS for small business?

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Answers (61-67)

No, the credit card statements are not sufficient. The receipts are required to support the charges

No. They would like to see the invoice.

It is better to have the actual receipts since they are itemized. Unless your credit card statement gives you an itemized monthly or quarterly statement. Then it should be OK.

There would need to be detail or proof of the expense also

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