How can you prove expenses in an audit if you did not keep good records?

• September 19th, 2017
• David Greene
• Comments Off on How can you prove expenses in an audit if you did not keep good records?

As you know, if you are audited  the IRS will not accept your word for income or expenses.  If they think you underreported income, they will go through all of your financial accounts and add deposits to determine income.  It…