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Old 04-26-2005, 05:18 PM   #9 (permalink)
CapitalFunding
 
Join Date: Jul 21 2004
Posts: 35
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Quote:so you don't have to worry about receipts

I was told by my CPA that this is NOT true...that you DO need to keep those itemized receipts and that the statement is not good enough if you get audited. I used to not keep receipts either but my CPA made me change

...bottom line CHECK with your CPA.
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