In the United States, trade exchanges were classified by law,
as of August 1982, as 3rd party record keepers as defined by
the TEFRA Act of 1982. As such, trade exchanges have the
same reporting requirements as banks, savings and loans,
credit unions, and stock exchanges. They are required to
report to you and to the IRS your sales for the year on a
form 1099B. All tax payments are applicable as if the trade
credit revenues and purchases were made in cash.

In the United States, IRTA is proud to be involved in the IRS
Partnership Outreach to help educate business owners about
how to properly account for trade transactions and to educate
new trade exchanges of their obligations to members of their
trade exchange.

In countries outside the United States, there are presently no
reporting requirements. IRTA recommends that you consult
with a professional in your area that is familiar with your
country's reporting requirements.