by Tax Preparer | Jan 27, 2025 | Tax Blog, Tracking Tips | 0 comments Yes — if you forgot to save physical receipts or log business mileage, you can reconstitute adequate records from electronic statements, credit card histories, calendar logs, and third-party confirmations to support your tax deductions. While the IRS explicitly prohibits filing tax returns based on purely estimated or arbitrary write-off amounts, you can rebuild verifiable documentation using digital footpr

Help! It’s almost tax filing time, and your records are, well, incomplete. What if you forgot to save your info? Don’t worry, you’re not totally out of luck. Read on to find out how to save yourself on tax day.

But I’m not an accountant! What counts as “good recordkeeping” for the IRS? Read on to find out what’s required.