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Old 11-07-2012, 12:49 PM
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Location: Oviedo/Orlando
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Quote:
Originally Posted by brandonppr View Post

Would you ask the locals to write a receipt when you purchase from them?
I would if you are a legitimate business that pays taxes. The reason is simple. You will show income from your sales...if you do not have proof that your had a cost associated with it when the IRS comes knocking....that would be considered pure profit and taxed as such. With the receipt you would have the ability to deduct YOUR purchase price as a expense of doing business just like any other supply.
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