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Hr4 (1099 Amendment)


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this change passed yesterday. This is good for us, the variation that existed required any and all transactions for goods and services over $600.00 to be 1099'd this has been dropped from the resolution. they wanted to remove goods and still keep services, but removed them both :)

 

 

http://www.gpo.gov/f...LS-112hr4rh.pdf

 

To repeal the expansion of information reporting requirements for payments

of $600 or more to corporations, and for other purposes.

Edited by Hempcheff
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