Are You Forgetting to Report Barter Income on Your Taxes?

Even without money exchanging hands, the value of traded services or goods is taxable. The IRS sees failing to report barter transactions as unreported regular income. Track and document the fair market value of any exchanges carefully. Pro tip: avoid bartering and charge for your services, expecting others to do the same. #BarterIncome #TaxCompliance #IRS #FairMarketValue #TaxTips