By Linda Baum
MonmouthCares is giving an orientation on Time Banking on Wednesday, Dec. 18 at its offices at 185 Hwy 36, Building B-1, West Long Branch, NJ 07764. There are two sessions to choose from, 4:00-6:00 pm and 6:30-8:30 pm.
RSVP to Ashley Lobbato at 732-222-8008 x118 or alobbato@monmouthcares.org.
Time Banking is a way to get services you need by "paying" with services you provide -- an exchange of favors, so to speak, amongst those who participate in the network. Participants receive credit for their service time and may use it to purchase services they need from other network participants. The program is an alternative economic model to get what you need at a time when so many are short on cash. Everyone has something to offer and can participate in the network, whether they realize it or not.
Time Banking is taking off in communities around the country and right here in Monmouth County. Come learn more about this innovative economic model and its power to revitalize communities.
2 comments:
I'm not n IRS agent, nor do I play one on TV.
But it is my understanding that there are tax implications to barter.
http://www.irs.gov/taxtopics/tc420.html
Your Leonardo Reader
There was a presentation on this topic at the Unitarian Meeting House on sunday. If I heard right, the services are not taxable. I plan to attend the orientation today to learn more about sales tax and income tax implications. Thanks.
Post a Comment