I need to document food, gas, and other expenses in my household; and, I was told that bank statements were acceptable. Could someone confirm that this is true?
Second, and more importantly, am I allowed to redact other information on the bank statements? Essentially, I only want to send the IRS what they need (note: they have not requested bank statements as part of this audit process, just receipts and proof for Head of Household).
Will redacting my bank statements raise a red flag? I'm not concerned about them looking at balances since I do not have any undisclosed income. It's more of a privacy thing.
there should be a phone number on the notice, call. bank statements may or may not be adequate - ask. what the IRS really prefers are the actually receipts.
say you buy food at XYZ and pay by check. you get a receipt but toss it. how is the IRS supposed to know that the payment didn't include non-food items (like animal food).
I had a similar concern. Fortunately, food expense is such a small % of the overall total expense I think I should be OK. I just wanted to be thorough -- the threshold to be Head of Household is 50% of total expenses and everything aside from food I have documented w/ billing statements, receipts, etc.