Companies are already proposing that they have a data base for you to compare your information so as to avoid penalties for incorrect data. Business identity theft coming your way......................
This $600 1099 craze is just setting up the up and coming VAT.
Won't happen. The issue is that they can audit anyone for their record keeping, including the 1099's. Any bets that won't be done selectively against the politically unfavored?
Exactly!
Continue to make things more complicated and controlling to create many more tax violators in order to increase revenue via more fines.