http://tinyurl.com/25hdkle
Attached to the Healthcare Bill is a provision requiring issuance of 1099 forms for all business purchases for good/services $600 or more.
This provision creates HUGE paperwork burden for small business. Most small business does not have resources to track and issue year-end statements to customers. These small vendors will likely be dropped in favor of consolidating with larger vendors. Do we need more displacement and unemployment?
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