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View Full Version : Required reading on new 1099 requirement


Fvstringpicker
08-10-2010, 05:03 PM
http://www.journalofaccountancy.com/Issues/2010/Aug/20102954.htm

OrganicsMaine
08-16-2010, 03:06 PM
So glad Obama and the Dems are in charge....NOT!

Roger
08-16-2010, 09:59 PM
This is a disaster in the making. Surely, somebody will have calculated the added expense of this non-productive work, over against the "pay for" provision it was intended to collect added revenue.

The change in business software and how transactions are done will have significant impact. One more reason why businesses are sitting on $2T cash, unsure of how to handle all this stuff.

bohiaa
08-18-2010, 09:37 AM
man O man,

right when I learn stuff, they go and change it.......

how does a man keep up???

Mark Oomkes
08-18-2010, 10:03 AM
I have no idea how they actually think they are going to manage this.

Look for a repeal. Supposedly some Dems were working on one.

Got an e-mail from the US Chamber of Commerce about it and signing a petition. See if I can find the link.

OrganicsMaine
08-18-2010, 05:33 PM
This is an absolute disaster....Obama said that they wouldn't raise taxes....I think we know where that is going, but what about all of the additional expenses that small businesses will incur because of all of the BS regulations. Between health care and now this crap, yeah, I'm really looking to hire a bunch of guys.

Never been one to worry too much about this stuff, but I am now worried.