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#expense-tracking

Expense Tracking

Tools and methods for tracking business expenses, receipt management, and expense reporting

Lost Your Receipts? How the Cohan Rule Lets You Reconstruct Business Expenses

The Cohan rule lets a court estimate an ordinary business deduction when you can prove the money was spent but not the exact amount — and Section 274(d) forbids that estimate entirely for travel, entertainment, gifts, and vehicles. Here is what reconstruction evidence actually persuades an examiner, why bank statements alone usually fail, and a six-step playbook for rebuilding a missing-receipt file.