The President’s State of the Union address last night touched on a few issues that are important to the association community, and previewed some of the issues the association community will face in the 112th Congress. During his discussion of health care reform, the president expressed support for the bipartisan effort to repeal the small… Read more »
Posts Tagged: Form 1099
Two Senators are expected to introduce bills today to repeal the new 1099 reporting requirements, a sign of growing momentum towards repeal.
Three Senate Democrats sent a letter to House Speaker John Boehner (R-OH) today asking him to formally begin the legislative process to repeal the 1099 provision. Senators Ben Nelson (D-NE), Amy Klobucher (D-MN), and Maria Cantwell (D-WA) sent the letter to the Speaker claiming that since repealing the 1099 provision is a revenue issue, the… Read more »
Speaking to reporters yesterday, the head of the Small Business Administration (SBA) said that her agency supports a full repeal of the 1099 provision contained in the health care law. Beginning next year, all employers must report all payments over $600 to all vendors in a calendar year by completing an IRS Form 1099. The… Read more »
A prominent Senator suggested Tuesday that the 1099 repeal effort is still going strong in the Senate, and it could be included in a larger tax bill this month.