Change - can you believe it?May 24 2010 at 8:58 AM
Stealth IRS changes mean millions of new tax forms
By Neil deMause, contributing writerMay 21, 2010: 1:51 PM ET
NEW YORK (CNNMoney.com) -- The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.
The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year.
Change - making business less efficient - just what we need during an economic recovery
- 1099-K & 1099-MISC ===> $6,000+ increase in expeses for the average SMB - Anonymous on May 24, 1:43 PM