Article Date:
November 2009

Word Count:



How the No-Receipt-Under-$75 Tax Rule Works

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 for1





overnight travel, and


listed property.


Regardless of the $75 rule, you ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee