This blog contains accounting and income tax tips to help answer questions businesses and individuals have about topics that affect most businesses and/or individuals.
Repeal of Expanded 1099 Requirements Signed Into Law
The President has signed H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” This new law retroactively repeals unpopular Form 1099 information reporting rules added by 2010 legislation.
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