We have one vendor at work we use that pretty much refuses to give us any documentation of sales with them. They say to just use our charge statement. Were we to be audited would these statements be enough?
2007-09-07 05:19:20 · 4 answers · asked by Sheri G 2 in Business & Finance ➔ Taxes ➔ United States
They'd have to be. Nothing you can do if a vendor doesn't give you much for documents. Maybe see if you can find another vendor though.
2007-09-07 05:58:28 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Not always. A charge statement proves that you paid that vendor that amount, but sometimes you need to prove what you purchased. For example, if the vendor sells some things that you can deduct and some things that you cannot deduct, you need to be able to show how much of each you purchased.
2007-09-07 07:59:30 · answer #2 · answered by StephenWeinstein 7 · 0⤊ 0⤋
The statements from the vendor would be acceptable.
If you are talking about credit card statements, then probably not since they probably wouldn't show enough info to know what the charge was for.
2007-09-07 15:38:23 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Yes, the accepted them for my son's audit.
2007-09-07 05:29:12 · answer #4 · answered by bdancer222 7 · 1⤊ 0⤋