I have been listening to the CDs from your tax course. In the CDs, you say that I need receipts for entertainment and out-of-town meals that cost $75 or more. I thought that I needed no receipts for anything under $75. Am I wrong? (C.T., Nevada, Iowa)
Totally wrong! You need receipts for all expenses, regardless of amount, except expenditures that are less than $75 for
overnight travel, and
Regardless of the $75 rule, you ... Log in to view full article.