While restaurants and small businesses up and down the Central Coast are fuming about the need to send 1099 forms to their best customers, a fix for this foolish piece of the health care reform law languishes in the Congress.
The so-called “1099 rule” was a disaster waiting to happen. Happily, it is a disaster that looks like it will be averted. News shortly before Thanksgiving that the U.S. Small Business Administration was publicly opposing the rule seems to be the last nail in the coffin for this ill-conceived tax on entrepreneurship. As the Business Read More →
Among the many political casualties of mid-term elections this year may be an obscure tax-reporting rule that it seems no one — even people within the IRS itself — will miss. The 1099 rule, as it has come to be known, was a little-noticed part of the health-care legislation passed earlier this year. It requires Read More →