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Keyword: form1099

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  • Politico: Dems race GOP to health 'repeal'

    07/30/2010 9:43:25 AM PDT · by maggief · 29 replies · 4+ views
    Politico ^ | July 30, 2010 | JENNIFER HABERKORN
    For the first time, House Democrats are proposing repealing a piece of the health care overhaul, one that small businesses have been warning is going to be overly burdensome. The move comes just four months after the Democrats' health plan passed in March. The provision would have required businesses to file 1099 tax forms for all transactions with vendors that total over $600. Due for implementation in 2012, it would have raised $19 billion over 10 years to pay for the health care overhaul. Rep. Scott Murphy (D-NY) offered the bill on Friday morning. Ways and Means Chairman Sander Levin...
  • Obamacare’s Avalanche of IRS Paperwork (Small Business: Be prepared to fill more forms)

    05/17/2010 10:59:18 AM PDT · by SeekAndFind · 54 replies · 1,371+ views
    National Review ^ | 05/17/2010 | Deroy Murdock
    Pres. Barack Obama promised Americans “health-care reform.” So far, “health-care form” is more like it. Obamacare is devolving into the Paper Industry Salvation Act of 2010. This new law spans 2,562 tree-killing pages. Far worse, it will force Americans to spend countless irritating hours completing, transmitting, and filing endless reams of federal paperwork. The scariest news for America’s forests may be a brand-new mandate that will compel each business — from General Electric to the neighborhood handyman — to file an IRS Form 1099 for every business on which it spends at least $600. Form 1099 today applies only to...