8/25    Tax gurus, got a question. If I provide my expertise that is worth
        $10,000 to a friend, and my friend provides me expertise that
        is also worth $10,000 (for example, I teach her computer, and she
        teaches me how to play the piano), is that technically taxable?
        Can I just waive it somehow? How can I get into trouble if I do
        not report it? Thanks.
        \_ no bills, thus no income.  And in any event, you're allowed to
        give someone $10,000 in cash per year without them or you having
        to pay a gift tax.  -jor
        \_ you have provided services to each other.   technically it is
           taxable.  you can get in trouble since we're going to report you!
           \_ TECHNICALLY, you can give each other special discount and
              reduce the service to $1 and INS will not go after you.
                \_ Thinking of pimping yermom? She ain't worth that much,
                   and my cocaine is worth more than 10K, thank you.
              \_ I think this is considered fraudulent, and the IRS may
                 go after you.  INS probably will not.
                \_ IRS, INS, U.S. Government, what's the difference. They
                   are all slow, incompetent, and they all want to fuck
                   with you.
        \_ You received no income.  What goes on between you and a friend is
           taxable.  Did you actually bill each other $10k each?  That'd be
           silly.  I fix my parent's computers.  My mom makes me dinner and
           sometimes buys lunch.  I don't declare that and you don't have to
           either.  If anything, you'll get red flagged and audited just so
           they can figure out wtf you think you're doing.
        \_ Charge each other $9999.99 since any gift under $10K doesn't need
           to be reported.