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What You Need to Prove a Business Expense Think your credit card statement is enough to verify business expenses to the IRS? Think again.

By Mark J. Kohler

Opinions expressed by Entrepreneur contributors are their own.

You might think a credit card statement is enough evidence of a business expense. But you'd be wrong. Accountant Mark Kohler explains that business owners need individual receipts to back up your expense claims in case of a tax audit.

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney, and CPA

Mark J. Kohler, a certified public accountant in Irvine, Calif., is a partner in the accounting firm Kohler & Eyre, and the law firm Kyler, Kohler, Ostermiller, & Sorensen LLP, specializing in business, estate and tax. He is the author of The Tax & Legal Playbook and What Your CPA Isn't Telling You from Entrepreneur Press.

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