Hi 67camaro,
"When you do not have the original reciept can you use a credit card
statements as acceptable evidence for business expenses"
Yes, that would be fine with the exception of travel expenses, which
need an itemized record of expenses (e.g., room, meals, phone, etc.).
IRS Publication 583
Kinds of Records To Keep
Expenses.
Expenses are the costs you incur (other than purchases) to carry on
your business. Your supporting documents should show the amount paid
and that the amount was for a business expense. Documents for expenses
include the following.
* Canceled checks.
* Cash register tapes.
* Account statements.
* Credit card sales slips.
* Invoices.
* Petty cash slips for small cash payments.
Travel, transportation, entertainment, and gift expenses.
Specific recordkeeping rules apply to these expenses. For more
information, see Publication 463.
http://www.irs.gov/publications/p583/ar02.html#d0e1814
IRS Publication 463
Travel, Entertainment, Gift and Car Expenses
Recordkeeping
Adequate evidence.
Documentary evidence ordinarily will be considered adequate if it
shows the amount, date, place, and essential character of the expense.
For example, a hotel receipt is enough to support expenses for
business travel if it has all of the following information.
1. The name and location of the hotel.
2. The dates you stayed there.
3. Separate amounts for charges such as lodging, meals, and telephone calls.
A restaurant receipt is enough to prove an expense for a business meal
if it has all of the following information.
1. The name and location of the restaurant.
2. The number of people served.
3. The date and amount of the expense.
If a charge is made for items other than food and beverages, the
receipt must show that this is the case.
http://www.irs.gov/pub/irs-pdf/p463.pdf
I hope this helps. If you have any questions, please post a
clarification request and wait for me to respond before closing/rating
my answer.
Thank you,
hummer
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