Lost a Receipt? How to Reconstruct Missing Tax Documentation for the IRS
Lost receipts don't always mean lost deductions. Learn how to reconstruct missing tax documentation using the Cohan Rule, bank statements,…
Articles tagged
taxes
62 articles
How Long to Keep Receipts for Tax Purposes: IRS Retention Rules Explained
The IRS requires you to keep receipts for 3 to 7 years depending on your situation — and sometimes indefinitely.…
Credit Card Statement vs Receipt: Which Does the IRS Accept for Tax Deductions?
Can a credit card statement replace a receipt for IRS tax deductions? Sometimes — but not for meals, travel, or…
The Payment Terminal Receipt Problem: Why Your Card Slip Isn’t Enough for the IRS
Your payment terminal receipt proves you paid — but not what you bought. Learn why the IRS needs the itemized…
IRS Business Meal Receipt Requirements: What to Document for Every Deductible Meal
The IRS requires five specific elements for every deductible business meal — and a receipt alone only covers three of…
Does the IRS Accept Digital Receipts? What Rev. Proc. 97-22 Means for Your Records
The IRS has accepted digital receipts since 1997 under Revenue Procedure 97-22. Learn exactly what makes a digital receipt IRS-compliant,…
The IRS $75 Receipt Rule: When You Don’t Need a Receipt for Business Expenses
The IRS $75 receipt rule lets you skip receipts for certain travel expenses under $75 — but it's narrower than…
IRS Receipt Requirements: The Complete Guide to Keeping Receipts for Taxes [2026]
Complete guide to IRS receipt requirements for 2026. Learn what receipts the IRS requires, when you can skip one, how…
R&D Tax Deduction 2026: Immediate Expensing Restored by OBBBA
The OBBBA restores immediate deductibility for R&D expenses in 2026, reversing the 2022 amortization requirement. Learn who qualifies, how to…
Child Tax Credit 2026: OBBBA Changes Explained for Families
The OBBBA expands the Child Tax Credit for 2026 with accelerated phase-in for large families, increased refundability, and inflation indexing.…
SALT Deduction 2026: New $40,000 Cap Explained Under OBBBA
The OBBBA raises the SALT deduction cap from $10,000 to $40,000 for 2026. Learn how this change affects small business…
Standard Deduction 2026: New Amounts and What Changed Under OBBBA
The OBBBA permanently extended the doubled standard deduction and added a temporary bonus. Here are the 2026 standard deduction amounts,…