[MR] Yet another sign we are going back to the middle ages....
atlantia at corwyn.net
atlantia at corwyn.net
Fri Jun 4 09:04:59 PDT 2010
>Hey, and it even said these exchanges are non-taxable... looks like
>a silver lining to me :D
They might claim Time Dollars are not be taxable, but I suspect the
IRS might not agree. Barter certainly is
http://www.irs.gov/taxtopics/tc420.html
http://www.irs.gov/businesses/small/article/0,,id=113437,00.html
"Earning trade or barter dollars through a barter exchange is
considered taxable income, just as if your product or service was
sold for cash."
(note, I'm neither an attorney or a CPA, YMMV, just a word of caution)
Corwyn
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