[Oceander]

Do you have the specific statutory language? That is what controls and is, ultimately, what the IRS will use to promulgate any regulations. And no, I still do not think it’s even remotely related to implementing a VAT because the information-reporting arrangements using the various forms 1099 is already comprehensive and has been in place for years.

[Madame Dufarge]

No, I don't have the specific statutory language. I searched the IRS site for a reference to this new reporting provision and found nothing, which isn't surprising since the new requirement doesn't kick in until 2013.

I don't believe I indicated that I think this is related to a possible VAT tax implementation.