Originally Posted by yardguy28
as for writing stuff off I don't believe I do any of that.
I give my accountant 3 numbers each year to do my taxes. my total income, my total expenses and any equipment and there dollar amounts. oh and I give him how many work miles I put on my truck.
that's it. he never sees a list of my actual expenses. the only reason I categorize expenses is for my personal knowledge of how much I'm spending on say fuel or supplies.
I don't think not having every single receipt is going to hurt me in an audit.
What did you just say there you don't think you write stuff off just the expenses
Thats what it means