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

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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

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dc.contributor.author Pareja, Sergio
dc.date.accessioned 2011-06-08T17:06:56Z
dc.date.available 2011-06-08T17:06:56Z
dc.date.issued 2010
dc.identifier.citation 59 Cath. U. L. Rev. 785 (2010) en_US
dc.identifier.uri http://hdl.handle.net/1928/12661
dc.description.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. en_US
dc.language.iso en_US en_US
dc.publisher Catholic University of America Press en_US
dc.title It Taxes a Village: The Problem with Routinely Taxing Barter Transactions en_US
dc.type Article en_US


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