Re:Barter and alternate currencies (Score 1)

Here's a snippet from The Picket Line around this time last year that covers barter and alternative currencies and their tax implications:

I touched on alternative currencies, a concept which is tangential to my experiment, in an earlier entry. If you're intrigued by that sort of thing, you'll probably be interested in this interview with Bernard Lietaer. He discusses several alternative or complementary currency systems in use worldwide. He also claims that something called the time-dollar that is being used in the U.S. has been ruled tax-free by the IRS, something that I would want to see documented before I'd believe it, since the feds aren't usually so kind to barter or mediated-barter arrangements.

Well, thanks to google, the documentation is at hand. "Why the Taxman didn't come" explains the background of the ruling and its limitations, and a Time Dollar FAQ goes into more detail, but I wasn't able to find anything on the Internal Revenue Service website.