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Call Patti Jo at
(804) 257-7126
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 Greater Richmond Chamber

Retail Merchants Association

Chesterfield County Chamber of Commerce



James River Trade Exchange is a proud member of the Better Business Bureau
 
 
Trading is recognized by the IRS as an income event (earned trade) and/or expense event (spent trade) dollar for dollar. Ask your accountant for details as every business situation is unique.

How does the IRS view purchases and sales made by members through JRTE?
Members may deduct from their taxes; purchases for business related expenses that are made through JRTE. Consult a qualified tax consultant for advice and for tax-deductible expenses allowable by law.

Do I need to pay taxes on my First Barter sales?
We recommend that you contact a qualified tax consultant for advice, but in most cases you need to report this as income.

How do I handle the JRTE fees? Can they be a tax write-off?
JRTE fees are similar to other expenses incurred in normal business operations. We recommend that you contact a qualified tax consultant for advice.

Remember we are not accountants and don't know your particular business situation. Information above is given as a guide commonly used. Consult your tax accountant or advisor.


Click here for W-9 PDF

Need a tax advisor or accountant?
People's Income Tax is a James River Trade Exchange member and will be happy to assist you on 100% trade!


   
 
© James River Trade Is A Woman-Owned Business
4908 Monument Avenue - Suite 101 Richmond Virginia 23230 Phone: (804) 257-7126 FAX: (804) 257-5450
2003 - 2008 All rights reserved.

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