BizSugar.com › Finance › How to Barter Without Getting Audited

The act of trading goods and services may be as old as time, but it is spiking in popularity as of late. So let's say you are a dentist and your dog needs walking. You trade services, don’t exchange money, and the deal is done, no strings attached, right? Wrong. “Not reporting your barter income can easily lead to an audit by the IRS,” says Roger C. Sims, a CPA in Carrollton, Texas. Here’s how to avoid an audit.