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Update to 1099 Reporting Changes

July 8, 2010 by Deb Howard Greenleaf

UPDATE: New 1099 Reporting Requirements Repealed! The IRS has issued a proposed regulation to help deal with the flood of paperwork associated with the new 1099 reporting requirements that are set to take effect in 2012. Under the proposed regulation, any business purchases made with a credit or debit card will be exempt from the new reporting requirement because those purchases are already … [Read more...]

Filed Under: 1099 Reporting, Small Biz Taxes Tagged With: 1099, 2012, new, reporting

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