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Tag: barter

Caroline Wozniacki Collected Her Trophy, But Forgot $1.45 Million Paycheck

Kelly Phillips ErbOctober 1, 2014May 24, 2021

Tennis superstar Caroline Wozniacki walked away from her $1.45 million paycheck (by accident!) after placing at the U.S. Open. If you walked away from your paycheck, could you skip paying the tax on it?

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Funny Money Or New Economy? Alternative Currency Raises Tax, Other Challenges

Kelly Phillips ErbJuly 22, 2013July 13, 2020

As interest in alternative currencies like Equal Dollars and BerkShares grows, the tax implications of using currencies for goods and services become more relevant. We know that IRS has its eye on digital currencies like Bitcoin and previously, Liberty Reserve, but what about local currencies?

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Taxes From A To Z: B Is For Barter

Kelly Phillips ErbMarch 4, 2012

B is for Barter. As an attorney, my office accepts cash, checks and credit cards. That hasn’t stopped clients (and potential clients) from offering all

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Ask The Taxgirl: Swaps & Payments

Kelly Phillips ErbMay 21, 2010May 19, 2020

Taxpayer asks: I’m a graphic designer and I do printing on the side. Last year, when business was slow, I was in a jam and

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