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I've always wondered how accounting/taxes work for being a US-based influencer. If I'm comp'd a hotel room and meal in return for an IG feature, I assume I have
by akeck 8y ago
I've always wondered how accounting/taxes work for being a US-based influencer. If I'm comp'd a hotel room and meal in return for an IG feature, I assume I have to report the net dollar value of that somewhere. Doing that year 'round seems like an accounting mess, even with an accountant helping.
- smaddox 8y agoI'm not an accountant, but my understanding is that gift tax is paid by the gifter. I'm not sure if that applies to perks, though.
- akeck 8y agoI think it could also be interpreted as a barter transaction. [1] [1] https://www.wicproject.com/ponderings/blog-taxes/ https://www.wicproject.com/ponderings/blog-taxes/