Hr4 (1099 Amendment)

[Hempcheff]

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.

[Hempcheff]

Title Edit