How are free products from companies taxed?
Let's say I have product review business. Companies send me free products that I tinker with, then write about. Questions:
Do I have to pay taxes on the products I receive (are they considered gifts?)?
If yes to the above, should I just send them back when I'm done instead?
If yes to the above, are the shipping costs to send the products back tax deductible?
What about if I give the products away to charity instead?