[driftdiver]

“You don’t have to report anything you paid to Staples. Staples is a coorporation.”

You will have to report any expense of greater than $600 paid to a single entity. It has nothing to do with where you spend the money at. Corporations are no longer exempt starting in 2012.

[battlecry]

I believe you are right. You have to pass the law to learn what’s in it.

[PeterPrinciple]

“You don’t have to report anything you paid to Staples. Staples is a coorporation.”

You will have to report any expense of greater than $600 paid to a single entity. It has nothing to do with where you spend the money at. Corporations are no longer exempt starting in 2012.

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Also remember that the one exemption to reporting the 1099 is if you pay by credit card. Think about that for a while..................

[Jess79]

Corporations are no longer exempt starting in 2012.

Exactly right - which means our small business that currently issues 10-15 1099's per year will be forced to issue hundreds of additional 1099's to all the corporations we buy from.