[mdrobbin]

I’m studying for REG and, just out of curiosity, I’m wondering what kind of documentation gets submitted to the IRS when filing a tax form with itemized deductions. Are receipts for all itemized deductions actually submitted along with the tax filing, or are receipts simply kept on record for the potential of a tax audit?

I’ve never worked in tax and I always take a standard deduction so I’m just wondering how that works. If anyone with tax experience could answer, it would be appreciated.

FAR - 2012 - PASSED (YAEGER)
AUD - 2012 - PASSED (YAEGER + NINJA NOTES)
BEC - 2012 - PASSED (YAEGER + NINJA NOTES)
REG - 2013 - PASSED (YAEGER + NINJA NOTES + NINJA AUDIO)

ETHICS - 2013 - PASSED

DONE!!! Thank you A71 for all the support! Hiya!!!

[silliepanda]

Actual receipts are not submitted to the IRS. I know in our firm we copy anything we may think is out of the ordinary, but it is the client's responsibility to retain documentation. We keep a copy of their tax returns, but not actual receipts. Hope that helps!

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[mdrobbin]

Thanks silliepanda!

FAR - 2012 - PASSED (YAEGER)
AUD - 2012 - PASSED (YAEGER + NINJA NOTES)
BEC - 2012 - PASSED (YAEGER + NINJA NOTES)
REG - 2013 - PASSED (YAEGER + NINJA NOTES + NINJA AUDIO)

ETHICS - 2013 - PASSED

DONE!!! Thank you A71 for all the support! Hiya!!!

[Author]

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