1099 Paperwork Mandate

 The new 1099 information-reporting mandate which was passed as part of the health care reform bill is one step closer to being repealed.  The House could take up the bill to repeal the mandate in March 2011.  The law requires businesses to use 1099 forms to report all cash/check payments of $600 or more to any party who supplies products and services.  The mandate is expected to raise more than $20 billion in tax revenue.

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