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Deductions & credits
@Critter-3 wrote:If audited the IRS will want to see proof of who you paid and for what...
I see the statement "IRS requires you to have a receipt or statement showing that you paid for the medical expense."
Two thoughts come to mind when I put my thinking cap on.
- Those people who say a receipt or statement satisfies IRS requirement for a receipt or statement showing that you paid for the medical expense [you intend to deduct], are right, but...
- I suspect, when push comes to shove and shove comes to punch, IRS also burdens the tax filer to prove the medical expense was a bona fide expense paid to a proper medical provider.
Clearly, a credit card receipt or back statement does not contain the information to satisfy this burden, but a Visit Summary Report or Annual Billing Statement most probably does.
Comments? Thoughts?
May 9, 2023
8:48 PM