The 1099 Tsunami

Posted on 5/30/2010 by with 0 comments

The 1099 Tsunami

Earlier this year, some staffer in some office on Capitol Hill dutifully inserted a provision into the health insurance bill that will force businesses to file 1099 forms on every transaction with another business for over $600. Buy a $601 used car for your business? You must file a 1099.

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