It seems like the government will always like to get revenue wherever they can, but how do you regulate trading/bartering? It’s very difficult to track, yet some is possible. Please read the code codes on the links below if you have any questions.
http://www.irs.gov/taxtopics/tc420.html
http://www.irs.gov/businesses/small/article/0,,id=188095,00.html
Do I need to report my trades/barters for tax purposes?
Possibly. Please contact your tax accountant for specifics. If needed, click here to be taken to the IRS webpage that explains the tax implications of bartering.
Does Beko help prepare any tax forms and/or statements?
Beko does not help prepare any tax statements. It is up to the user to determine the values of the barters, prepare taxes, etc.
Is BekoZone.com a barter exchange?
No, BekoZone.com does not use any type of trade dollars or trade credits. BekoZone.com is simply a match-making service to connect the people who would like to trade/barter.
