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> When businesses venture into the same [barter] waters, especially with products and services that they would normally profit from, the obligation to cut the I
by davelnewton 9y ago
> When businesses venture into the same [barter] waters, especially with products and services that they would normally profit from, the obligation to cut the IRS into the action can occur.
From:
http://www.investopedia.com/financial-edge/0312/the-tax-implications-of-bartering.aspx http://www.investopedia.com/financial-edge/0312/the-tax-impl...
- deleted 9y ago[deleted]
- davelnewton 9y agoAs soon as you're compensated with goods, services, or money, it becomes either barter or work. Whether or not you asked for something in return is irrelevant. Whether or not it matters is up to the IRS on a case-by-case basis. IANATL.