Updated July 27, 2015
I’m Being Audited And Don’t Have Receipts Chicago Illinois
You should have changed accountants a long time ago, because a good accountant never would have allowed this to occur.
Proper documentation can be a real pain, but it is your only salvation. Generally getting a copy of many of the source documents may, or may not be impossible. You can always get a copy of bank statements, canceled checks, and deposit tickets from the bank. It may be quite expensive, but it is possible. You can even get copies of your old tax returns from The Illinois Department of Revenue.
Getting copies of Exemption Certificates or Resale Certificates proving that a transaction was non-taxable can be difficult after the fact if the company is no longer in existence.
What about your Sales? If you didn’t keep copies of all of your Sales and Purchase Invoices, how are you going to prove what your sales actually were?
If you are having problems with your I’m Being Audited And Don’t Have Receipts Chicago Illinois or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
Chris@AccountingSolutionsltd.com
Additional Accounting Articles and information on my firm can be found at
www.AccountingSolutionsLtd.com
Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.