[MR] Yet another sign we are going back to the middle ages....

[Alexandria Stratton]

So does that mean that if I make a cotehardie with covered buttons in return for tent stakes, I have to make some extra buttons & send them to the IRS? lol
 -- Ceara ní Néill
http://www.HouseBarra.com
Experience is what you get, when things go awry.





________________________________
From: "atlantia at corwyn.net" <atlantia at corwyn.net>
To: Jim <jsfrodo at yahoo.com>
Cc: atlantia at seahorse.atlantia.sca.org
Sent: Fri, June 4, 2010 12:04:59 PM
Subject: Re: [MR] Yet another sign we are going back to the middle ages....


> 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