When Businesses Barter Is it Taxable Income?

mwalkerwade Posted in 1099, B2B, Earned income, Income Tax, Schedule C, Small business, Taxable IncomeTagged , 1 Comment on When Businesses Barter Is it Taxable Income?

Due to our slow moving economy, we’ve seen an increase in businesses bartering with one another. Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. – IRS Topic 420 So, is this exchange considered taxable […]