Under new provisions that are to take effect as of January 2011, the IRS has announced that Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, will now show the cost basis of stock sold or exchanged during the year. Under previous reporting rules, brokerages were required only to report sales prices of commodities, leaving [...]
I found this on a blog, and will link to the original article, but the author points to the zero-liability advantage of using barter for legitimate business expenses. This is one of the hot points for me and barter. I love this one. The article is spun specifically for Bartercard in Australia, but it is [...]
The FairTax is making somewhat a resurgence in political steam lately, as evidenced by this video that recently popped up on YouTube. The video explains the tax implications of barter under the FairTax, which end up being identitical to the implications of barter under normal circumstances.
In San Francisco, a former publisher was sentenced to five months in prison in a tax fraud case. The publisher had failed to report barter related transactions, even though those transactions were being reported to the IRS… Green failed to report at least $400,000 in income, including income from bartering – an exchange of goods [...]
BCL Soft and Barter21 recently added a “Live Help” feature to their website. This allows you to browse the site and immediately request live help if you have a question about the software, switching from your current platform to Barter21 or if you want to start a barter exchange and don’t know what to do [...]
Originally posted by Barry Cohen of Barter 21. There has been a lot of talk, rumors, and grumblings in the Complementary Currency world regarding a Guidance Memo release by FinCEN – the Financial Crimes Enforcement Network of the United States Department of the Treasury. The subject of the memo was “Application of FinCEN’s Regulations to Persons Administering, [...]
IRTA wants to make the upcoming September 19th thru 21st 2013 Las Vegas Venetian Convention the best ever. The need some input on how they can make the programming for the convention be fresh and engaging. If you are interested in helping with that, take a few minutes to answer the five short questions at: [...]
