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| "Len Schwer" <NoSpam[at]Sonic.net> wrote: - quote - > For years, $25 has been the cutoff for requiring a receipt
It should be in Pub 17. It has been $75 for several years.> 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? Missy Doyle << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| - quote - > For years, $25 has been the cutoff for requiring a receipt
Try page 195 of Publication 17, middle column.> 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. -- Don EA in Upstate NY << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| 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 > << -------------------------------------------------> |
| Tags |
| cash, limit, receipts, recordkeeping |
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