Income vs Compensation

by Bob Teer
(Sarasota Fl)

Qustion on income.... if a company sends me an item... ei a coffee maker for free, In return I must use it and then write a full review on my blog, outlining all details, good and bad about the product... must I claim the value of the coffee maker as income... As I see it the coffee maker was compensation for my work in writing the formal review...

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.