Barter and the IRSBartering occurs when goods or services are exchanged without the exchange of money. For some, barter's popularity is that it enables them to avoid paying taxes to the government. How might such avoidance occur? Does the Internal Revenue Service treat barter as taxable or nontaxable income?

Go to the following website:https://www.irs.gov/taxtopics/tc420

The page should display all you need to search bartering.If not, type "bartering income" in the site's search tool.

Required:How is the value of a barter transaction determined? What are some IRS barter examples? What does the IRS require of the members of so-called barter exchanges?