Did you see the part at the end of the article?:
“The buzz on the internet is that this will create mounds of unnecessary paperwork for small businesses across the country. It is true that the number of 1099s will increase significantly, however, I see two positive implications of these changes. First, it will force business owners to keep better records, report income more accurately, and pay the proper amount of taxes. Second, will also cut back on fraudulent business deductions, which will ease the burden on the IRS to catch tax cheats and, hopefully, save the rest of us honest taxpayers the hassles associated with overbearing IRS scrutiny. The work involved in issuing 1099s to your vendors and processing the 1099s you receive will not be overbearing. Think of it as high school math class – you don’t get an A without showing your work.”
Lets see some GOV reform -lets see those clowns account for every expense... They work for us supposedly...
I love that... Yeah, the working class Joe may have less of a "burden" from the IRS scrutiny, but their neighbor who's a plumber (and must now 1099 Home Depot, Lowe's, ExxonMobil, Ford, Big O Tires, Costco, etc), the local Subway Shop (1099s for the janitorial service, for the utilities, for corporate franchise fees, for food distribution), the newspaper carrier (gas at 7-11, papers from the local newspaper), etc. will have to increase costs to cover all the extra reporting.
And of course each of those people will have to 1099 their CPA firms (yeah, pay your CPA to 1099 themselves), who will also have to 1099 Staples for the tax forms, who will have to 1099 the distributor of the tax forms, who will have to 1099 the manufacturer of the tax forms, who will have to 1099 the ink and paper suppliers, who will have to 1099 the loggers and chemical companies...