I received some services in exchange for my work. Do I report this on my federal tax return?

When you exchange goods for services, it is called bartering. The goods or services exchanged have a fair market value that results in gross income that should be included in income by both parties. If you are a member of a barter club and you receive credits for goods or services rendered to other members, the value of these credits are included in income. For information reporting, barter income is reported on Form 1099-B, Proceeds From Barter Exchange Transactions.