Tax code whammy in health care bill: ready to 1099 McD's?Submitted by Oyate on Sun, 05/02/2010 - 15:07
This should be fun. Cato reports tax law changes slipped into a new health care bill would require businesses to file 1099 forms on ALL BUSINESSES WITH WHICH THEY DO MORE THAN $600 A YEAR WITH INCLUDING CORPORATIONS.
So get ready to 1099 McDonald's. The auto mechanic. The guy who changes the water in the water cooler, the landlord, the dog catcher, just have yourself a stack of 1099s with you wherever you go.