How BNI Works
Monthly Statements: Emailed or mailed
BNI will act on behalf of our members as a third party record keeper. Each member gets a monthly statement of their trade account, similar to a bank or credit card statement. At the end of the year, we provide our members with a 1099B tax statement showing trade activity during the calendar year. All business related purchases are tax deductible by law, check with your accountant or tax advisor for details. There is no tax advantage or disadvantage to barter transactions.
All transactions are recorded and governed by our BNI Terms and Conditions and by the rules and regulations of the IRS.