Can’t do this!!!!
iRS requires taxpayers to provide receipts as proof of transaction.
Statements are not primary evidence.
This will be challenged immediately, and courts will strike down on basis that electronic chain of custody evidence.... Cannot be proven.
It’s too easy for fraudsters to make fake digital receipts to substantiate deductions.
So this can’t standup to review, until a digital fingerprint, or something similar is established for all digital records.
Keep dreaming libtards, the taxman will over rule you.
You'll have to go home and print out your E-Receipt on an 8.5"X11" sheet of paper to replace the 2"X4" receipt the store would have given you.
Just so...add to that product returns on cash sales
And, per the article, you'll still receive a paper receipt if you ask for one.
Most people wad up their receipts and throw them in the trash.
I see nothing wrong with this. I accept e-receipts at any given opportunity.
Waste is not a conservative value.
IRS requires taxpayers to provide [paper] receipts as proof of transaction.
Precisely!
This is a tax increase on evil rich businessmen and women
Nope... They will force the taxman to adapt and change their policies. Look at what Ca has already done to this whole country with environmental laws. Constitutional or not, legal or not, rational or not, they do it anyways.
I was working for a company that had been taken over by a hedge fund. They started by quibbling with food receipts while on the road. We were finally tolds, “I dont want to see any receipts that aren’t from Taco Bell!”, meaning, you are to cheap out at every turn.
So, I bought a thermal paper receipt printer that ran off Windows. I grabbed a Taco Bell logo from the internet and transcribed every letter as it was on the receipts we actually got. The only difference was the Taco Bell logo at the top.
It worked like a charm. We weren’t questioned on any meals after that.