Tag Archives: 1099 nightmare

Senate Approves the 1099 Repeal

On April 5th, the Senate passed legislation to repeal both the expanded Form 1099 information and reporting requirements mandated by last year’s health care legislation. The Act (HR4) repeals the expansion of information reporting requirements for payments of $600 or more to corporations. Continue reading

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House Votes to Repeal 1099 Provision

The U.S. House of Representatives voted to repeal an unpopular tax-reporting requirement affecting small business owners, in what would be the first substantial change to the sweeping health-care package signed into law last year.
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The 1099 Nightmare | Dissecting the Healthcare Bill – Part 3 of 4 | Tip of the Week | #5

On page 737 of the Healthcare Bill is a three-paragraph section that has nothing to do with hospitals, doctors, drugs or health insurance. Starting January 1, 2012 all business entities will be required to issue 1099s to all individuals and business with which they spend $600 or more annually for goods and services. Continue reading

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