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In this video, attorney Lee Phillips discusses the importance of keeping receipts for tax purposes, introducing Ben Rucker, an experienced IRS auditor. Despite his youthful appearance, Ben has spent seven years auditing for the IRS, which gives him valuable insights into the auditing process. Lee highlights a common issue for those who travel frequently: by the time the IRS conducts an audit, crucial receipts may be disorganized or misplaced. He emphasizes the necessity of keeping receipts organized, as he personally stores all his receipts in envelopes. The discussion serves as a reminder to maintain accurate records to avoid complications during IRS audits.
