1099s for goods, services over $600 (corporations include=
Posted: Sat May 08, 2010 11:45 am
This was snuck into Obama-care as part of the "full employment for CPAs program".
________________________________
rew Antico [bk.lawyer@gmail.com]
Sent: Saturday, May 08, 2010 8:36 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] 1099s for goods, services over $600 (corporations included)
Off-topic from a BK sense, but probably of interest from a business standpoint:
This CNNMoney article details how a new law will change how sole proprietors give 1099s. And get them from clients.
"...mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year."
Hale
The post was migrated from Yahoo.