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

Answered by:

David MacMillan

Quasar 3 Business Services Inc.
4 Questions answered
Answered on March 19th, 2018

If the source of the charge is obvious ( Chevron , Chiles etc) then generally IRS will accept the credit card statement as proof of purchase. If you intend to use credit card statements to support business expenses then designate a card that is exclusively used for business and a card for personal expenses.


See all 70 answers