Tuesday, April 27, 2010

Small Business and 1099s

It has just come to my attention that the Health bill recently passed had a provision slipped into it that will require all businesses to file 1099s to any provider of goods and services over $600 in a year.

It appears this will start in 2012 but I am verifying this. For a $14 trillion dollars US economy that is a lot of 1099s.

House member Dan Lungren is introducing legislation to repeal this.

Scott Hauge
Small Business California'
2311 Taraval Street
San Francisco, CA 94116

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