Senate sends repeal of new Form 1099 requirement to Obama (via CNN Political Ticker)

Posted: April 5, 2011 in Uncategorized

Washington (CNN) — The Senate voted Tuesday to repeal a part of the health care reform law that would require businesses to file a 1099 tax form with the government for every purchase they make over $600. The requirement was designed to fight tax fraud and raise money for the health care reform plan Democrats passed last year. But it quickly became unpopular with both parties when businesses complained it would be too burdensome. The Senate vote … Read More

via CNN Political Ticker

Advertisements

Comments are closed.