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That depends, my aunt was audited and ended-up with close to a million dollar refund. Here attitude had long been, paying a little extra in taxes is worth not keeping track of every expense. When your actually making real money tracking every lunch has a minimal ROI.

PS: She did still took many large deductions and had reasonable records, she just played it safe when submitting her taxes.




Good point, but if you're too cool to keep receipts, you're probably being a cowboy in other areas of business.




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