Bank statements sufficient?

[Anonymous]

Or do you need receipts for everything?

[Anonymous]

For what?

[Anonymous]

I'm going to guess and say for taxes.

[Anonymous]

Anonymous wrote:I'm going to guess and say for taxes.

Yes, for taxes

[Anonymous]

What are you trying to accomplish? If you are trying to deduct business expenses, for example, you would need receipts.

[Anonymous]

Anonymous wrote:What are you trying to accomplish? If you are trying to deduct business expenses, for example, you would need receipts.

It's mostly for medical payments/bills

[Anonymous]

what would bank statements show? that you spent money? i don't think that is going to be enough

[Anonymous]

Anonymous wrote:what would bank statements show? that you spent money? i don't think that is going to be enough

Really? Isn't it obvious?
It shows that I made payments to a specific hospital/doctors office

[Anonymous]

For medical expenses you will need either a statement from your provider with specific dates of service, service provide and the amount you paid, or you will need copies of receipts. If you have insurance coverage, the EOBs may suffice if it shows the amount you owe and you can tie it back to the bank statement for what you paid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:what would bank statements show? that you spent money? i don't think that is going to be enough

Really? Isn't it obvious?
It shows that I made payments to a specific hospital/doctors office

Nothing is obvious, OP, since you aren't providing enough information.

[Anonymous]

Ooohhh
Myyyy
Goodness

[Anonymous]

Anonymous wrote:For medical expenses you will need either a statement from your provider with specific dates of service, service provide and the amount you paid, or you will need copies of receipts. If you have insurance coverage, the EOBs may suffice if it shows the amount you owe and you can tie it back to the bank statement for what you paid.

Thank you. I have a lot of receipts to chase down then.

[Anonymous]

Can you print eob from insurance website?

[Anonymous]

Anonymous wrote:

Anonymous wrote:For medical expenses you will need either a statement from your provider with specific dates of service, service provide and the amount you paid, or you will need copies of receipts. If you have insurance coverage, the EOBs may suffice if it shows the amount you owe and you can tie it back to the bank statement for what you paid.

Thank you. I have a lot of receipts to chase down then.

But would OP need to supply those receipts only if the IRS questions them?

[Anonymous]

How old are you? Is this your first time doing your taxes?