Consider The Advantages Of Bartering
Always consider the advantages of informal "bartering". I have sung for my brunch at a local bistro, and played in exchange for use of an instrument or for a set of strings. A friend helped me paint my apartment in exchange for me acting as his unpaid research assistant. You get the idea.
On the one hand, it's just an exchange of favors among friends, and as such beneath any tax radar, and on the other, a real way of using your talents and resources to the best advantage. Physicians have been doing that for years, offering special rates among themselves to other members of the profession.
June 3, 20070 found this helpful
I agree with you about bartering(exchanging favors),but wouldn't it be difficult over the internet?
Judy from alabama
January 30, 20120 found this helpful
Actually, it's scary how low the IRS radar goes on bartering. Make sure you know the level to avoid prosecution. They have chased down people for bartering, it's sad but true.
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