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For anyone that's been audited before, I was hoping if they could help me make sense of this situation. I've tried contacting CRA multiple times in the last few days to no avail and will try again, but thought I would try my luck here.
It's an audit of my travel expenses and my confusion is from the following (My tax year is apr 1 to Mar 31).
Limited review of your corporation income tax returns for *the tax years ending March 31, 2020***
Our records show you reported an amount for travel expenses using field code 9200 on Schedule 125, Income Statement Information. You can deduct reasonable travel expenses only for travel that relates to your business. To support the amount you reported, send us all of the following:***
a detailed list of the transactions (or the general ledger entries) related to the expenses
an explanation of the reason for the travel
- a copy of the invoices or receipts for the ten largest transactions included in travel expenses for each tax year* **
My confusion is stemming from if I'm being asked to provide records of my 2019-2020 tax year, or ALL previous years up to 2020, which would be waaay more work.
Any ideas?
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