Accounting: IRS & Taxes

The Kentuckiana Trade Exchange operates to serve its members as the clearinghouse of the barter activites of its members. We provide recordkeeping and the network of member businesses that trade between each other. We provide our member businesses with a Form 1099-B for all transactions within the previous calendar year.
What are the tax advantages of bartering?
The Internal Revenue Service treats barter income just like cash income. The best tax advantage is to use the earned barter income to purchase the normal expenditures that are tax deductible. KTE recommends that you to seek professional accounting advice.
5806 Crockett Dr. Louisville, KY 40258

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