Another company gives me courier services in exchange for my designing their ads and designing and printing their brochures. There are strict IRS regulations regarding bartering, but here are the most important things to remember. Both of you charge the going rate for your services or products. You must charge the rate you charge all other clients. You can charge less, though.
Someone has to pay the tax.
When I barter my services for the courier, for example, he pays his sales tax, and I pay mine. Bartering can be a great way to get essential goods and services, but remember to keep it legal, keep it recorded, and pay the taxes. Also check with your jurisdiction's web site or business tax office for the records they need you to keep. Share your advice now . Responses Read what others think about Ferlaak Group 's advice.