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Bartering: A Legal And Tax Primer

by Cliff Ennico

"I run a professional services firm in a small town. Because of the poor local economy, I'm finding that more and more of my clients can't afford to pay my fees, so they're asking me to 'swap' my services for something they can do. For example, an auto mechanic recently offered to do a tune-up on my car if I would give him X hours of my time without charge. Is it legal to agree to deals like this? And would I have to report this on my taxes in some way?"

In difficult economic ...

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