Q: I cannot find all of my receipts this year and the past 2 years. I am going to be audited. what will happen
A: Assuming you are in the process of being audited - If you are not able to substantiate the items that are being audited, your IRS examiner will not let you claim those expenses. If you cannot locate any receipts, I would encourage you to gather your bank statements and credit card statements to show proof of purchase. Cancelled checks are another way to show proof of purchase. Good luck.
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