Expanded Form 1099 Reporting Requirements Nullified
After numerous attempts spanning several months, the Congress has repealed the 1099 reporting requirement that was contained in the Patient Protection and Affordable Care Act of 2010 (Health Care Act) and the 1099 reporting requirement that was included in the Small Business Jobs Act of 2010 (Jobs Bill). Both provisions were widely unpopular with taxpayers and practitioners. The bill was signed into law on April 14, 2011.
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