1099 internet sales

beaches · #1 04-05-2011

I found this . PHEWW!! We have until next year if i read this correctly

This is only part of the article..

New 1099 Law Pierces the Corporate Veil of Hidden Independent Contractors
Posted by Liz Greene

The impacts of the new healthcare laws on contingent workforce management will not be fully understood for some time, and could be subject to change before they take effect. But some provisions of great concern are approaching rapidly, including a little understood and newly highlighted 1099 reporting provision slated to take effect on January 1, 2012.

jeffweico · #2 04-05-2011

This law will most likely be repealed this week.

The law is insane. The IRS would be inundated with BILLIONS of these. I don't see how they could ever process and cross-match them all.

beaches · #3 04-05-2011

I think it is such a joke! The govt is shady The hid this in the 2500 pages of health reform WTF does this have to do with health reform.And no one read the damn thing!! The govt is corrupted!1 The usa is declining fast the gas prices will soar , food clothes everything will be climbing by this june. The govt is smoke and mirroring the economy. We are heading down the road like the movie"SOYLENT GREEN"!!! no if and or buts. america is not the land of the free but the land of the illuminati!!!

jeffweico · #4 04-05-2011

I think that it should be required BY LAW that every lawmaker on every level MUST read any legislation before voting on it.

The 2500 pages would have become 2 and 1/2 pages VERY QUICKLY!

But that is how a lot of legislation gets passed. Put YOUR new law into something else - the bigger the better - that has nothing to do with it and hope nobody notices. The whole process is flawed.