Quote:
Originally Posted by HarryT
Whether the statement is right or wrong, though, if the reviewer themselves considers it to be barter (i.e. that the review was provided in exchange for the book, rather than the book being a gift), the IRS requires them to declare it on their tax return on the basis of that belief.
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Surely this would have cropped up with giant megacorps who outsource beta testing in exchange for software? My reasoning is, if it's OK for Microsoft it's fine for everyone else, or are you suggesting that Microsoft declares the going rate for beta testers on it's tax return?
On a side note, does anyone know how I apply for Starbucks tax rate?.