Expanded 1099 Requirements Officially Repealed


Via The Journal of Accountancy

After a long drawn-out period of seemingly unanimous criticism of the expanded 1099 reporting requirement put into law as part of the health care reform bill, on April 14th, President Obama signed into legislation which repealed the requirement.

For a year now, we have been tracking this issue which seemed to be overreaching, and would result in a huge new administrative burden to our clients.  For a history of the issue, you can read our previous posts here.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: