IRS Offers Guidance on Barter Reporting - John R. Dundon II, Enrolled Agent
7854
post-template-default,single,single-post,postid-7854,single-format-standard,bridge-core-2.5.4,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-theme-ver-23.9,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-6.4.1,vc_responsive
 

IRS Offers Guidance on Barter Reporting

IRS Offers Guidance on Barter Reporting

In its simplest form, bartering is the trading of one product or service for another, usually with no exchange of cash. With the economy in its present state, the IRS has seen an increase in bartering exchanges. As a result, the IRS created a web page with information on the reporting requirements and other related tax consequences of these arrangements. Full details are on the IRS website.

Tags:
,