legalities, money, barter, and PIE???

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?

Anyone???
No one has anything to say about this?
Maybe no one even likes PIE? What if I made it with blackberries?

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!

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!

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?

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!