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5
Recordkeeping
If you deduct travel, entertainment, gift, or transportation expenses, you must be able
to prove (substantiate) certain elements of expense. This chapter discusses the records
you need to keep to prove these expenses.
If you keep timely and
accurate records, you will have support to show the IRS if your tax return is ever
examined. You will also have proof of expenses that your employer may require if you are
reimbursed under an accountable plan. These plans are discussed in chapter 6 under Reimbursements.
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