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Tax Question on Receipts
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Grhog
Posted 2/17/2018 21:23 (#6585712 - in reply to #6585481)
Subject: RE: Tax Question on Receipts


Se wisc.
Not as much of a issue as it use to be. If that business closes you would want some traceability, but most transactions cleared by a bank have tracking numbers similar to shipping numbers. These are easily traced by IRS and actually I think preferred by most new age auditors. Been audited twice in the last ten years. Anyone paying with cash deserves to be scrutinized more.

Edited by Grhog 2/17/2018 21:25
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