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-   -   Write off without reciepts (https://www.askmehelpdesk.com/showthread.php?t=318577)

  • Feb 17, 2009, 01:12 PM
    firefly08
    Write off without reciepts
    I don't have any reciepts from the last year. What is a percentage I can write off as expenses on Schedule C? Without receipts? I do have expenses jotted down, but no receipts.
  • Feb 17, 2009, 04:50 PM
    Five Rings

    What was the gross income from your business?
    What is your business?
  • Feb 18, 2009, 12:05 AM
    MukatA

    You must keep proper record. You can use bank statements, credit card statement... to prove your business related expenses.
  • Mar 11, 2009, 01:05 PM
    AtlantaTaxExpert
    Generally, receipts are NOT needed for expenses under $25, as long as they are recorded in some fashion PLUS are normal and reasonable for the business in question.

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