Expanded 1099 Requirements Officially Repealed

by

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put into law as part of the health care reform bill, on April 14th, President Obama signed into legislation which repealed the requirement.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.

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