Two Senators are expected to introduce bills today to repeal the new 1099 reporting requirements, a sign of growing momentum towards repeal.
Posts Tagged: Mike Johanns
Two 1099 repeal amendments were debated yesterday as part of the food safety bill, but both failed under the Senate’s 2/3rds rule for passage. The Johanns amendment (S.Amdt 4702) was a complete repeal with the offset coming from rescinding $39 billion in non-Defense Department discretionary spending, i.e. unused stimulus funds. His amendment failed 61-35, with… Read more »
Two Senate bills to repeal the new 1099 reporting requirements are expected to be voted upon as early as next Monday.
Before adjourning for the 2010 campaign season, the Senate rejected two amendments to the small business lending bill that would have alleviated the onerous new Form 1099 reporting requirements contained in the Patient Protection and Affordable Care Act (PPACA). The new requirements would force all businesses and tax-exempt organizations to issue a Form 1099 to… Read more »