Payment in kind definition

Payment in kind, sometimes called bartering, is where services are performed or goods are exchanged, as payment instead of cash.

Of course, full bartering is where both parties make a full swap of one party's goods or services for the other party's goods or services, which is how the marketplace worked before money was invented.

It's important to remember that bartering does not avoid the requirement to report income.

Search again for the tax treatment of "bartering."