I’m really concerned about the 1099’s for any amount over $600.
Yes I am too. Congress, which doesn’t have a clue about how businesses are run, doesn’t consider the hidden cost of such ridiculous and unnecessary burdens and the associated costs of time, manpower, paper work, etc... As a friend said its Six Sigma process improvement in reverse. Goes against efficiency and best practices in business. Most government legislation does.
Obama said he would compromise on that. That’s easy.
The 1099 section is already being rolled back.