Get rid of those overflowing shoe boxes!
Kelly over at Taxgirl.com recently answered a pretty common question:
“I want to ask if scans of receipts are acceptable as proof for the IRS. I’ve got receipts that are only one year old and they are already unable to be read due to fading. If we are somehow able to scan the receipt and save a digital copy of the information, do we still need the physical receipt?”
Does this sound like you? Do you have old shoe boxes overflowing with receipts “just in case” the IRS decides you need a good ole fashioned audit?
Head on over to taxgirl.com and take a look at the answer. You’ll be happy you did.