I document my personal calls by marking them on the billing sent from the cell phone provider. Isnt that enough substantiation?
You would think so. But, under IRS authority it is not enough to mark personal calls and say that all the rest are business calls. IRS substantiation requirements include the “amount of each separate expenditure, the amount of business/investment use, the date of the expenditure or use, and the business or investment purpose.” And . . . the IRS definition of adequate record keeping is that the cell phone user “shall maintain an account book, diary, statement of expense or similar record and documentary evidence which, in combination, are sufficient to establish each element of an expenditure.
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- If I document my personal calls by marking them on my cell phone bill or statement, isnt that enough substantiation?
