Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
What would they be doing if the contributions had been made by EFT - all you would have would be the statements ?

I pay almost everything through EFT, either initiated by the payee or through online bill pay (Bank of America). Regardless of how the payment was initiated, the statement shows who it went to, and often an indication of what it was paying. I know this is good enough for IRS and would assume it's good enough for states.

When I go through the bank statement I print copies of any checks I might need as proof. It's a nuisance, but there are few, and it will save me trouble if I ever need them.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.