Instead of having all the paper receipts which are easy to lose
2007-12-31 11:23:15 · 4 answers · asked by studog456 1 in Business & Finance ➔ Taxes ➔ United States
What kind of writeoffs are you asking about?
2007-12-31 11:27:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Get a blank sheet of paper.
Get a roll of tape.
Tape the receipt(s) down to the 8.5 x 11 sheet of paper by month and type.
Photocopy the page if the receipt is, say, gas and on thermal paper (these fade).
Punch holes, put in binder.
All organized!
2007-12-31 12:33:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Normally not, since they generally don't show what the actual expense was for. The actual receipts do show what the expense was for and that's why you need to hang onto them.
I put mine straight into my wallet as soon as I get them and move them to an expanded file as soon as I get home. That way everything is together when I do the books and ready in case of an audit.
2007-12-31 11:56:35 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Usually not, since the statement only shows that you bought something for $xx from a particular company, not what you bought.
2007-12-31 11:29:22 · answer #4 · answered by Judy 7 · 3⤊ 0⤋