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New Member
posted Jun 6, 2019 4:25:05 AM

Can I use bank statement instead of receipts for business related expenses like "meal entertainment"?

Husband's job requires frequent restaurant purchases with clients. He is not great at keeping receipts but we can identify the purchases on bank statements. Is this enough for tax filing, or would we need the printed receipts of those meals?

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1 Best answer
Level 3
Jun 6, 2019 4:25:07 AM

Bank statements will suffice.

3 Replies
Level 3
Jun 6, 2019 4:25:07 AM

Bank statements will suffice.

New Member
Jun 6, 2019 4:25:08 AM

Is this true even when the expense is greater than $75?

Level 15
Jun 6, 2019 4:25:10 AM