Paper record retention for expenses

December 16, 2019


Q. We have a lot of paper records from old expense reimbursements. These particular reimbursements are for "brand ambassadors" and not employees. We currently use Concur to reimburse them and can look back at any record at any point in time. My question is, do we need these paper records or is Concur enough? Is there a retention rule for the IRS when it comes to this? I'd love to be rid of the paper if I can!  A. (Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party,…

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