• Redcap

    July 31, 2023 at 3:43 pm

    She’s good! The IRS has been asking for reporting of barter for ages. But isn’t barter is the same as purchase? How do they classify it as needing to be reported? I am not required to report items I trade for using dollars which are my hours of labor that has been taxed (and which is also taxed dozens of times more), but I am required to report items I trade for using hours of my labor (skilled work OR fruits of my labor) that has NOT been taxed. And that’s the difference according to them. They want to tax your every move. If things get really weird, just don’t barter. GIVE. If you never say the words barter or exchange or payment, you’re in the clear. “I would like to give you an evening of baby-sitting.” “Thank you so much. One day next week, I would like to give you a nice looking front lawn.” “Aren’t you lovely!” It’s a technicality. But it can’t be taxed. Yet.

    • Yankeeredneck

      July 31, 2023 at 3:48 pm

      Very well stated. The sad part is from a pod cast I listened to there is no law requiring us to pay tax yet we do it anyway. Sad.

  • potpourri_of_life

    July 31, 2023 at 4:21 pm

    Call it a gift exchange


    July 31, 2023 at 7:46 pm

    We call it bartering but the IRS calls it tax evasion lol. I like watching good patriot too.

  • MartHale7

    August 1, 2023 at 1:33 pm

    You are supposed to collect tax at garage sales, even though you have been taxed on the item already. The IRS is not the code of ethics I want to follow as they have not been kind to conservatives with their endless audits. I have found if they want to cause you problems they will, remember they crucified Jesus, who was perfect, but we have far more faults, there is a 2 level system out there a law for them, and a law for us. When dealing with the IRS it is best to get a good lawyer, or get rid of all income as much as possible and grow food which is not taxed.

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