If David, an accountant, agrees to provide tax services to a neighbor in exchange for...
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If David, an accountant, agrees to provide tax services to a neighbor in exchange for the neighbor agreeing to fix his pool, David but not his neighbor will have to report income on this transaction at fair market value.
If David, an accountant, agrees to provide tax services to a neighbor in exchange for the neighbor agreeing to fix his pool, David but not his neighbor will have to report income on this transaction at fair market value.
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