business tax reporting rule

  • Thread starter Thread starter Sgt. Baker
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Sgt. Baker

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That was slipped into the health care bill is set to put ridiculous burdens on businesses. If business A purchased more than $600 in product from business B they are required to send a 1099 to company B. Even the lady in charge of this at the IRS says it's fail.

http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/

anrabroad
her article on it

http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/
 
And the Senate just vrabroad
ed to pass anrabroad
her 2500 page document in Financial reform. I wonder what goodies are hidden in there.
 
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