Vanishing Receipts? Vanishing Proof?
We have all experienced it! Many receipts now given are printed on thermal paper which is likely to erase the print over time. The receipt paper trail is crucial not only for your tax filing but also for a possible IRS audit.
In an audit, you must prove all expenses reported in your return. Considering the fact that an audit takes place years after filing of your return, keeping the receipts in a legible condition becomes a vital issue.
A simple solution: Make hard copies of your receipts!
