Bartering with the devil

There’s a radio ad playing in my home market, and I’d guess nation wide. The announcer says “Don’t mess with the IRS!” I’d have to say that’s good advice, and something to keep in mind if you decide to exchange goods or services with another business in lieu of cash.

The IRS will require you to report the value of goods or services received as income. Feel free to barter, but stay out of trouble with the IRS!

Read more here: Does Your Small Business Barter and at irs.gov

 

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Bartering with the devil

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