IRS requirement for meal receipts
July 31, 2019
Q. Does the IRS require itemized receipts for meals over $75.00?
(Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting. You can learn more about them at www.cokala.com.)
Section 1.274-5(c)(2)(iii) of the tax Regulations requires documentary evidence for any business expense for lodging…
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