Taxes: Can I use my bank statement records in place of reciepts for the purpose of itemized expenses?
April 6, 2005 10:40 PM Subscribe
I have income this year as an independent contractor (web designer) which complicates my tax return enough where I'd like to pay a visit to a good accountant. Problem is, I have kept little in the way of reciepts for many qualified purchases throughout the year. (Bad, I know.) Instead of a tidy reciept folder, can I print up my whole year in bank statements with appropriate transactions circled and bring to my accountant? Will this hold up if I were ever audited?
posted by FearTormento to Work & Money (8 answers total)