Repeal of new 1099 mandate a key regulatory issue for many groups
- January 20, 2011 |
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tarallo
RELATED CONTENT Trade groups see regulatory work dominating in 2011 While the U.S. House registered a quixotic vote to repeal the new health care law on Jan. 19, another repeal effort may be of greater interest to associations, and have a greater likelihood of successa rollback of last years Form 1099 requirement. The contested measure was included in the massive health care overhaul bill enacted into law last March. The measure, Section 9006, requires all business and tax-exempt organizations, including associations, to issue an IRS Form 1099 to vendors from whom they buy goods or services totaling more than $600 annually. The new mandate is scheduled to… Read More
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