Legal Question in Business Law in South Carolina
Tax Evasion? Kickback?
Is it illegal for one company to exchange retail merchandise for services from another company? Isn--name removed--this cicumventing taxes?
Asked on 1/02/08, 9:06 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Tax Evasion? Kickback?
Barter agreements are legal, however they should be reported on tax filings, because they may be subject to tax liability.
Answered on 1/02/08, 11:01 pm
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