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IRS and Receipts

July 30, 2012 04:14PM
Does anyone know off the top of their head if the IRS would be OK with electronic receipts as proof of reimbursement for shops?

I can keep hard copies of my receipts for six months, a year (depending on the MSC), but if I have an electronic copy, it seems to be a waste of space to keep all of those paper receipts beyond that time.

Any advice is appreciated! smiling smiley
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More About Mystery Shopping Taxes
July 30, 2012 07:00PM
Heck, the IRS even accepts the credit card statement as a receipt for, say, gas, hotels, meals, etc. I just download all of my credit card staements and categorize each transaction in Quicken, then port the results right into the appropriate tax for line in TurboTax. It really helps that I have two credit cards that I use exclusively for shopping expenses and reimburseable purchases. That way, if I eat at xyz burger for a shop it goes on one card; if I eat there on my own dime, it goes on the personal credit card.

Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel

Poor customer service? Don't get mad; get video.
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July 30, 2012 11:53PM
Excellent! Thanks! I didn't know how stingy the IRS would be about that. Printing out credit card statements would be a TON easier. smiling smiley
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July 31, 2012 01:17AM
Just be certain that you can tag every credit card record with a specific shop expense.

Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel

Poor customer service? Don't get mad; get video.
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