Comments on: How Bartering Can Save You Money http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Tue, 18 Jun 2013 23:42:51 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: DonBee http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-211300 DonBee Sun, 06 Dec 2009 15:27:38 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-211300 Bartering for goods and services may end up with tax consequences. However, bartering skill and knowledge, ie. Showing the guy how to catch a fish,in exchange for a cooking lesson, cannot be taxed. And what better way to begin a friendship. Bartering for goods and services may end up with tax consequences. However, bartering skill and knowledge, ie. Showing the guy how to catch a fish,in exchange for a cooking lesson, cannot be taxed. And what better way to begin a friendship.

loading....

]]> By: Golfing Girl http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-169523 Golfing Girl Tue, 03 Mar 2009 18:30:21 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-169523 I've given a lot of golf lessons as birthday presents when money is tight and recently traded lessons for Disney DVDs or personal club repairs. I’ve given a lot of golf lessons as birthday presents when money is tight and recently traded lessons for Disney DVDs or personal club repairs.

loading....

]]> By: The Ultimate Cheapskate’s Guide to True Riches ? Get Rich Slowly http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-110012 The Ultimate Cheapskate’s Guide to True Riches ? Get Rich Slowly Sun, 30 Dec 2007 16:00:39 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-110012 [...] should ask for a better financial future, requesting better deals when we deal with big companies. Bartering can save you money, [...]

[...] should ask for a better financial future, requesting better deals when we deal with big companies. Bartering can save you money, [...]

loading....

]]> By: nevins manafe http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-7118 nevins manafe Fri, 08 Sep 2006 04:52:52 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-7118 i trade my skills as well.. check my blog at http://skillbarters.blogspot.com/ i trade my skills as well..
check my blog at

http://skillbarters.blogspot.com/

loading....

]]> By: Dave http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-5922 Dave Wed, 23 Aug 2006 20:09:21 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-5922 Keep in mind that the IRS does not treat bartering as any different that receiving cash. Therefore, if you are paid in kind you should be factoring in the taxes you should pay on that. The person who receives a year's worth of haircuts for creating a web page, for example, should be prepared to pay the taxes on whatever monetary value those haircuts represent. Most barter exchangers simply fail to include that value on their taxes, which makes the transaction a more "valuable" transaction because it was tax free. It also makes that person guilty of tax evasion. Food for thought. "Free legal advice is worth what you pay for it." Keep in mind that the IRS does not treat bartering as any different that receiving cash. Therefore, if you are paid in kind you should be factoring in the taxes you should pay on that. The person who receives a year’s worth of haircuts for creating a web page, for example, should be prepared to pay the taxes on whatever monetary value those haircuts represent. Most barter exchangers simply fail to include that value on their taxes, which makes the transaction a more “valuable” transaction because it was tax free. It also makes that person guilty of tax evasion.

Food for thought.

“Free legal advice is worth what you pay for it.”

loading....

]]> By: Phelan http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/comment-page-1/#comment-5817 Phelan Mon, 21 Aug 2006 20:05:30 +0000 http://www.getrichslowly.org/blog/2006/08/21/how-bartering-can-save-you-money/#comment-5817 We are big on the barter system here. I trade seeds and canned goods {if I have more than needed of something} My husband trades motorcycle work for future work on our new home {electricians, plumbers and so forth.} We are big on the barter system here. I trade seeds and canned goods {if I have more than needed of something} My husband trades motorcycle work for future work on our new home {electricians, plumbers and so forth.}

loading....

]]>