Tuesday, March 1, 2011

Repeal the Expanded Form 1099 Reporting

On Thursday, March 3, the U.S. House of Representatives is expected to vote on the Small Business Paperwork Mandate Elimination Act of 2011 (H.R. 4), which would repeal the expanded IRS Form 1099 reporting requirement.

Under current law, businesses will have to prepare and file 1099 forms for each vendor to which they pay more than $600 during a calendar year, beginning with payments made in 2012.

As members of the U.S. House prepare to vote on this bill, they need to hear from YOU! Tell them to repeal this burdensome tax reporting requirement and vote YES on H.R. 4.