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    firefly08's Avatar
    firefly08 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 17, 2009, 01:12 PM
    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.
    Five Rings's Avatar
    Five Rings Posts: 459, Reputation: 7
    Full Member
    		  
    #2

    Feb 17, 2009, 04:50 PM

    What was the gross income from your business?
    What is your business?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Feb 18, 2009, 12:05 AM

    You must keep proper record. You can use bank statements, credit card statement... to prove your business related expenses.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 11, 2009, 01:05 PM
    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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