Since it is difficult to get an exact match where two businesses need equal amounts of each other’s products or services, the opportunities for direct barter transactions are limited. That’s where a barter exchange network comes in. The network deals in units of currency called trade dollars. The goods and services of one company in… Read More
If a business makes payments of bartered services to another business (except a corporation) of $600 or more in the course of the year, these payments are reported on Form 1099-MISC. For example, an attorney represents a painter for nonpayment of business debts in exchange for painting the attorney’s law offices. The amount reportable by… Read More
“The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.” Adam Smith Bartering is the trading of one product or service for another. Usually there is no exchange of cash. Barter may take place on an informal one-on-one basis… Read More
Pennsylvania law provides that the court shall not appoint as guardian of the estate of a minor the parent of the minor, except that a parent can be appointed as a co-guardian with another co-guardian. A guardian of the person is a sort of substitute parent. For so long as the ward (the minor child… Read More