Comments on: Taxation of Barter http://www.pappasontaxes.com/index.php/2009/11/29/taxation-of-barter/ Pappas on Taxation Thu, 09 Feb 2012 04:09:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Accountants CPA Hartford, LLC http://www.pappasontaxes.com/index.php/2009/11/29/taxation-of-barter/comment-page-1/#comment-8035 Accountants CPA Hartford, LLC Sun, 21 Nov 2010 08:53:35 +0000 http://blog.pappastax.com/?p=11704#comment-8035 Please see the article: http://www.cpa-connecticut.com/barter-tax-deductions.html. It discusses the taxation of barter transactions. Please see the article: http://www.cpa-connecticut.com/barter-tax-deductions.html.

It discusses the taxation of barter transactions.

]]> By: William Brighenti, CPA http://www.pappasontaxes.com/index.php/2009/11/29/taxation-of-barter/comment-page-1/#comment-7122 William Brighenti, CPA Sun, 19 Sep 2010 06:06:00 +0000 http://blog.pappastax.com/?p=11704#comment-7122 There appears to be confusion on the issue of tax deductions involved in a barter transaction. Some authors imply, if not state, that the business service received in an exchange can be deducted, since barter transactions on a barter exchange are treated like cash transactions, barter credits being equivalent to dollars. However, I cannot find any support for this in any publication of the IRS? Does anyone know the IRS's position on this, and if so, does anyone have a source? Thanks. There appears to be confusion on the issue of tax deductions involved in a barter transaction. Some authors imply, if not state, that the business service received in an exchange can be deducted, since barter transactions on a barter exchange are treated like cash transactions, barter credits being equivalent to dollars.

However, I cannot find any support for this in any publication of the IRS?

Does anyone know the IRS’s position on this, and if so, does anyone have a source?

Thanks.

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