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Tag: auditing without receipts

What Happens if You Get Audited and Don’t Have Receipts: A Guide for Tax Professionals

Business owners dread receiving an audit notice from the IRS. However, there’s reassurance in having accurate tax returns and supporting documentation. It provides a strong defense against potential issues. But what occurs if you’re audited without the necessary receipts? The repercussions of lacking proper documentation during an audit can be unpredictable, and it’s a situation […]

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