Expanded 1099 Filing Requirement Repeal Passes Senate

by

Via Journal of Accountancy

On Tuesday, the Senate voted 87-12 in favor of repealing both recently enacted expanded Form 1099 information reporting requirements. The bill now goes to the president for his signature. The repeal is paid for by changing how excess advance payments of certain health care credits are taxed.

To learn all about the expanded 1099 filing requirements enacted by last year’s health care reform legislation, please see our blog articles and links on the topic here.

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