• Post Reply Bookmark Topic Watch Topic
  • New Topic
permaculture forums growies critters building homesteading energy monies kitchen purity ungarbage community wilderness fiber arts art permaculture artisans regional education skip experiences global resources cider press projects digital market permies.com private forums all forums
this forum made possible by our volunteer staff, including ...
master stewards:
  • Anne Miller
  • Pearl Sutton
  • r ranson
  • Nicole Alderman
stewards:
  • Joseph Lofthouse
  • paul wheaton
  • Mike Haasl
master gardeners:
  • jordan barton
  • John F Dean
  • Carla Burke
  • Greg Martin
gardeners:
  • Jay Angler
  • Leigh Tate
  • thomas rubino

legalities, money, barter, and PIE???

 
pollinator
Posts: 123
Location: Tennessippi
36
purity forest garden gear foraging trees books cooking food preservation medical herbs woodworking ungarbage
  • Likes 2
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
So this may belong under "monies", or possibly even the "marketplace". I am putting it here just to be safe.

Is PIE something that ever needs to be factored into taxes etc?
Does my CPA need to know about my pie?
Can I hire Jocelyn with PIE?
Is PIE a cryptocurrency?
Could pie be put on a blockchain?
What could I offer to the permies community in exchange for pie?
I'd rather cut pie than a piece of eight, so I'd say it meets the whole divisible definition of money. Does it need to maintain a specific trait to maintain a non-monetary legal standing?

PS Id love to hear Jocelyn"s professional opinion!

PSS Are there any tax attorneys on here?

 
Michael Holtman
pollinator
Posts: 123
Location: Tennessippi
36
purity forest garden gear foraging trees books cooking food preservation medical herbs woodworking ungarbage
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Anyone???
No one has anything to say about this?
Maybe no one even likes PIE? What if I made it with blackberries?
 
master steward
Posts: 14672
Location: Pacific Northwest
6634
hugelkultur kids cat duck forest garden foraging fiber arts sheep wood heat homestead
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator

Michael Holtman wrote:
What could I offer to the permies community in exchange for pie?



I don't have any answers to any of the other questions. But, I can say that anyone can make a digital market thread to sell DIGITAL goods with PIE. Physical goods can't be bought via pie in the digital market--though I don't know if that's because of tax/shipping or legalities or just how it got programmed.

Anyway, if you have pictures, downloads, videos, books, etc that you want to sell for pie, you can do just that by setting up a digital market thread!
 
Michael Holtman
pollinator
Posts: 123
Location: Tennessippi
36
purity forest garden gear foraging trees books cooking food preservation medical herbs woodworking ungarbage
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator

Nicole Alderman wrote: Physical goods can't be bought via pie in the digital market--though I don't know if that's because of tax/shipping or legalities or just how it got programmed.



I figured there must be a reason it is specifically digital. I have wondered what was behind that. I do think it encourages agile work, and that would be an excellent reason!
 
steward
Posts: 32898
Location: missoula, montana (zone 4)
hugelkultur trees chicken wofati bee woodworking
  • Likes 1
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator

Michael Holtman wrote:Is PIE something that ever needs to be factored into taxes etc?
Does my CPA need to know about my pie?
Can I hire Jocelyn with PIE?
Is PIE a cryptocurrency?
Could pie be put on a blockchain?
What could I offer to the permies community in exchange for pie?



it depends
with enough - probably
no
dunno
whaddya got?
 
steward
Posts: 6356
Location: Carnation, WA (Western Washington State / Cascadia / Pacific NW)
1726
hugelkultur purity forest garden books food preservation
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
See Paul's replies in the previous post.

Michael Holtman wrote:
PS Id love to hear Jocelyn"s professional opinion!


Sorry I was AWOL there. Things got a bit nutty for me because my mom was dying. She passed away in mid-November and then, my daughter had a baby, my first grandchild (!!) in early December.

And now it's year-end craziness for my business.

My professional opinion is as an accountant though not quite a CPA and certainly not a lawyer. So with that qualifier, here are a few opinions from my experience. You might wish to confirm with your own CPA or tax attorney.

--Purchasing pie to promote your presence on permies.com, especially if you have a business related signature in your profile, or business related posts and conversations, would, IMHO, qualify as a marketing expense.

--Bartering has two categories that IRS treats very differently:
  • material goods bartering - the IRS insists that both parties report the market value of income and expense in this type of trade
  • services only barter - the IRS does not require the value of bartered services to be reported.

  • Paul is correct that I'm currently not offering my services in exchange for pie. Though keep an eye out for some future posts and updates. I have a passion for helping solopreneurs and mom-and-pop size businesses, and I'd like to share more about that here on permies.com.

    One thread where I opined quite extensively is year end bookkeeping checklist & bookkeeping advice.

    And do tell us what you might like to offer for those with pie!


    gift
     
    100th Issue of Permaculture Magazine
    will be released to subscribers in: soon!
    reply
      Bookmark Topic Watch Topic
    • New Topic