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Old 05-28-2004, 07:10 AM
Missy Doyle
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Default Re: Cash receipts and recordkeeping - $ limit?

"Len Schwer" <NoSpam[at]Sonic.net> wrote:

- quote -

> For years, $25 has been the cutoff for requiring a receipt
> for any business related cash expenditure. A friend recently
> told me this limit had been raised to $75. I searched the
> IRS site, but I could not find any reference to a cash
> receipt requirement.
> Can someone enlighten me on this recordkeeping requirement?


It should be in Pub 17. It has been $75 for several years.

Missy Doyle

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Old 05-28-2004, 06:32 AM
Don Priebe
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Default Re: Cash receipts and recordkeeping - $ limit?

- quote -

> For years, $25 has been the cutoff for requiring a receipt
> for any business related cash expenditure. A friend recently
> told me this limit had been raised to $75. I searched the
> IRS site, but I could not find any reference to a cash
> receipt requirement.


Try page 195 of Publication 17, middle column.

--
Don EA in Upstate NY

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  #-1  
Old 05-27-2004, 04:23 PM
Len Schwer
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Default Cash receipts and recordkeeping - $ limit?

For years, $25 has been the cutoff for requiring a receipt
for any business related cash expenditure. A friend recently
told me this limit had been raised to $75. I searched the
IRS site, but I could not find any reference to a cash
receipt requirement.

Can someone enlighten me on this recordkeeping requirement?

Thanks, --len

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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cash, limit, receipts, recordkeeping
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