Source: Internal Revenue Service (IRS)
Issue Number: IRS Tax Tip 2014-26
Bartering is the trading of one product or service for another. Often there is no exchange of cash. Small businesses sometimes barter to get products or services they need. For example, a plumber might trade plumbing work with a dentist for dental services. If you barter, you should know that the value of products or services from bartering is taxable income.