Is sales tax charged for a barter job?

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Is sales tax charged for a barter job?

2007-01-24 02:15:15 · 3 answers · asked by retired 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Yes. Treat all trades just as you would any cash transaction.
http://www.u-exchange.com/bartering-legalities.asp

IRS
http://www.irs.gov/taxtopics/tc420.html

Canada Revenue
http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.html

Australian Taxation Office
http://www.ato.gov.au/businesses/content.asp?doc=/content/35349.htm&page=3&H3

2007-01-25 14:13:55 · answer #1 · answered by OBF 3 · 0⤊ 0⤋

Depends upon state law. Some states tax labor, others don't.

It is generally taxable under income tax laws.

2007-01-24 10:42:06 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Yes in Florida for materials.

2007-01-24 10:23:21 · answer #3 · answered by rlbendele1 6 · 0⤊ 0⤋