Lets hope the Supreme Court repeals the HC Bill as this 1099 requirement will fall with it since the HC bill has no severability clause. Dec. 16th, the federal judge in Pensacola, Fla. decides on behalf of the states whether this can proceed to the SC. He is a Reagan appointee so we do have hope. He can slap an injunction on the bills enforcement until it is decided in the SC but I think the injunction will only affect Florida.
My guess; at least until late 2013.
There is no chance that the new congress can succeed in repealing this mess. Reed’s senate will never pass a repeal bill and even if it did Obama would veto the bill.
Our best bet is to leave the bills unfunded. But even if the 2011 congress does not appropriate funds to implement the Obama Attack on America Bills we will still have to comply with the laws’ tax provisions incorporated in those laws.
Let’s hugely expand the scope, reach and cost of government. I mean, what could go wrong?
We should refer to this as “1099 Democrat economic stimulus plan for accountants.”
And it's working so well, isn't it!
ML/NJ
In real life Texas, there are several hundred taxing jurisdictions that I used to file sales tax reporting.
Each county (254), each city (over 10k), each mass transit, each "special use" sales tax (Jerryworld, etc). I simply dropped selling anything that required a quarterly sales tax report.
Multiply that number by 50 states and their counties and cities, and it becomes a real nightmare.
Or an accounting firms' dream.