Need a book?
Engineering books recommendations...
Return to index:
RE: Savvy Billing Practices
- To: <seaint(--nospam--at)seaint.org>
- Subject: RE: Savvy Billing Practices
- From: "Sherman, William" <ShermanWC(--nospam--at)cdm.com>
- Date: Tue, 17 Jan 2006 09:42:45 -0500
still have to take it as income so there is probably no net tax
Kevin Polin asked:
The IRS "says". In the past some have tried to
set up trading of services as a way to get around income taxes. But the
IRS ruled that if you receive something of value in return for your services,
including other services in return, the value of those services are taxable as
wrote: Implying that you
must report services exchanged in lieu of payment, so you might as well just
charge them is a very bad policy…
Actually, it is very bad policy to risk your
business by trying to avoid taxes illegally.