TEXAS SALES TAX 101: Are Barters and Exchanges Taxable?

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BarterYes.  Barters or exchanges are considered the same as making sales or purchases.  The retail value of the property or services received is the amount to which tax will apply if it is a taxable service.

For example, let’s assume that I, as the owner of a CPA firm, trade my services worth $1,000 to an office supply company for $1,000 of their product.  I would not owe sales tax since CPA services are currently non-taxable.  But the office supply company would pay sales tax on the full sales value of $1,000.

Like any good CPA, I need to add a disclaimer.  Unfortunately, it is impossible to offer comprehensive tax info over the Internet, no matter how well-researched or written.  And remember, I love my readers, but having me bookmarked on your computer doesn’t make you a client.   Before relying on any information given on this site, contact a tax professional to discuss your particular situation.