Are credit card statements sufficient to prove expenses to the IRS for small business?
Answered by:
Lenora Hardesty Brace
Lenora's Business Services Tax Prep and Bookkeeping Services
2 Questions answered
Answered on March 19th, 2018
Yes, Acceptable proof includes, but is not limited to, cash receipts, bank statements, cancelled checks and pay stubs. When you incur the qualified expense by credit card, the IRS requires a statement that shows the transaction date, the payee's name and the amount you paid
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