In the first rollback of his health care plan, last week President Obama signed a bill repealing the onerous 1099 reporting provision. This provision, slipped into the Health Care Bill, targets small businesses and independent contractors by requiring them to file a 1099 form with the IRS for the cumulative […]
1099
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Here are some updates: Not only does Steve Crowley have his monthly review of experimental license applications at the FCC, he also draws attention to a review of the proportion of lawyers, economists, and engineers at the FCC compared to other country’s telecommunications regulatory bodies. MP Antenna partners with TESSCO […]
It’s not news to anyone who’s been following ÆtherCzar’s 1099 mandate coverage, but starting next year an onerous requirement will be placed on small businesses by clueless politicians with no real-world experience in business and no understanding of the unintended impact of their mandates.
ÆtherCzar has been following the 1099 Mandate for a while now. This provision, slipped into the Health Care Bill, targets small businesses and independent contractors by requiring them to file a 1099 form with the IRS for the cumulative purchases they’ve made from any other individual or business with whom […]
Over at TechCrunch, Michael Arrington discusses his disillusionment with politicians who seem determined to “help” high-tech entrepreneurship in ways virtually certain to hurt instead: Silicon Valley has fueled much of the growth in our economy over the last few decades and has created amazing (and highly profitable) companies that are […]
Dan Danner of The Wall Street Journal takes on the 1099 mandate in a recent opinion piece: Adding insult to injury, the law also requires all businesses to issue IRS 1099 forms to document every business-to-business transaction of $600 or more. To someone who’s never run a business, this may […]
The new 1099 mandate I previously discussed here is beginning to attract more attention. Currently, businesses submit 1099’s for every consultant or contractor they hire. Under the new rules, businesses must submit 1099s for every other business with whom they do business. This mandate will inundate small businesses with the […]
Another “benefit” of the new health care bill is yet another IRS mandate. This one is a doozy. When a business pays an outside consultant or contractor more than $600 in a given year, that business is required to issue a 1099 form reporting the payment to the consultant or […]