Tuesday, September 6, 2011

Who Knew Bartering Was Taxable?

I have to thank the anonymous contributor for letting me know that if we barter services, we must file taxes on that bartering. I honestly did not know that, but someone out there knows way more about the tax laws than I do.

So, I guess I need to state if you are going to barter, file your taxes on it.

We definitely do not want to get into trouble in this area.

Sorry, I didn't realize bartering would cause a clandestine underground economy.

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