The 16th Amendment to the U.S. Constitution authorized Congress to levy a tax on income, but the definition of exactly what is income may at times be imprecise. The Internal Revenue Service breaks…
Many people are not aware that the benefits derived from barter transactions are taxable and must be reported to the Internal Revenue Service on IRS Form 1099-B and your state tax return. The IRS and…
Fears of falling currency value can lead people to want a more stable means of trade. Since gold is a material of some value (unlike paper money), it has potential for use in bartering transactions.…