LoboVault Home
 

It Taxes a Village: The Problem with Routinely Taxing Barter Transactions

LoboVault

Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/12661

It Taxes a Village: The Problem with Routinely Taxing Barter Transactions

Show full item record

Title: It Taxes a Village: The Problem with Routinely Taxing Barter Transactions
Author: Pareja, Sergio
Abstract: Under current law, all true barter transactions, such as babysitting cooperatives, create taxable income. Although the IRS often fails to catch unreported transactions, lawyers and accountants have an ethical duty to advise clients to report these taxable transactions on their income tax returns. This article proposes that Congress change the law to generally exclude barter transactions from income when they do not rise to the level of being a trade or business of the taxpayer. This simple change to the law will allow communities to work together without worrying about tax disincentives for doing so.
Date: 2010
Publisher: Catholic University of America Press
Citation: 59 Cath. U. L. Rev. 785 (2010)
URI: http://hdl.handle.net/1928/12661

Files in this item

Files Size Format View
It Taxes a Village.pdf 248.4Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record

UNM Libraries

Search LoboVault


Advanced Search

Browse

My Account