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<p>[QUOTE=&quot;NorthKorea, post: 1146775, member: 29643&quot;]The original indictment included securities fraud. It was count nine. I&#039;m not sure if she was convicted of it, though.</p><p><br /></p><p><a href="http://news.findlaw.com/wp/docs/mstewart/usmspb10504sind.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.findlaw.com/wp/docs/mstewart/usmspb10504sind.html" rel="nofollow">http://news.findlaw.com/wp/docs/mstewart/usmspb10504sind.html</a></p><p><br /></p><p>Turn to page 36.</p><p><br /></p><p><br /></p><p><br /></p><p>The reason the IRS asks about barter is profit from exchange. The IRS values each end of the transaction as an individual transaction, assessed at FMV. Then, whichever side profits from the transaction gets taxed accordingly.</p><p><br /></p><p>Example: You trade one week of house-sitting for two haircut sessions. The IRS would then establish the going rate of a haircut session and a week of house-sitting. The haircut session would be multiplied by two and then compared. Whichever has the higher market value would be viewed as a profit for the individual receiving that service in the transaction.[/QUOTE]</p><p><br /></p>

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