Business groups fight to repeal new 1099 paperwork — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Business groups fight to repeal new 1099 paperwork

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in Human Resources

A coalition of more than 1,000 business associations and chambers of commerce called on Congress last month to repeal a burdensome new reporting mandate that was buried in the new health care reform law. Starting in 2012, businesses would be required to file a 1099 Form each time they spend more than $600 a year to buy goods or services from another company.

Outlook: Bipartisan support for repeal is growing, so it’s a better than 50-50 bet by the end of the year.

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