Monday, November 15, 2010

Is there potential relief for all those 1099's?

The United States Senate Committee on Finance: Newsroom - Chairman's News

It looks like someone in Congress might actually understand that issuing millions of 1099's might not really improve compliance. The problem is who will be required to issue 1099's? Who will be considered a small business? How do you gather all the data needed to comply with whatever new filing requirements may be adopted? Does this really just avoid killing more trees?

More to come...

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