Starting in 2012, businesses will be required to issue 1099 tax forms not only to contracted workers (as they already do) but also to any individual or corporation from which they buy more than $600 in goods or services in a year.
Headlines & Head Lies
Senate Pushes to Repeal IRS 1099 Rule Implemented Under Obamacare
Lawmakers will get a chance Monday to undo a piece of health care reform that businesses big and small say will cost jobs.
The Senate is set to consider whether to repeal the new requirement that businesses notify the Internal Revenue Service of purchases over $600.
The provision was adopted in March as part of the massive health care reform law.
Starting in 2012, businesses will be required to issue 1099 tax forms not only to contracted workers (as they already do) but also to any individual or corporation from which they buy more than $600 in goods or services in a year.
Delivered by The Daily Sheeple
We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).
Contributed by The Daily Sheeple of The Daily Sheeple.
