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
President
Small Business California'
2311 Taraval Street
San Francisco, CA 94116
415-680-2811
shauge@cal-insure.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment