1099 Laws Are Changing. Business Owners Call It A "RAT TAX".
1099reform is a grassroots organization that is gathering national support to reform the new 1099 laws for 2012. Starting in 2012 business owners will be required to "rat out" their vendors.
Online, November 13, 2010 (Newswire.com) - A grassroots organization is gathering national support to reform the new 1099 laws for 2012.
1099reform.com is using comedic YouTube videos to poke fun and bring awareness about the new 1099 laws impacting all businesses starting in 2012.
Hidden in the new health care bill was a law regarding 1099 requirements. Information on this new ruling has just emerged this fall. The new 1099 regulation requires that all business payments or purchases that exceed $600 in a calendar year will need to be accompanied by a 1099 filing.
In essence a business may be required to 1099: gas stations, restaurants, insurance, utilities, car rentals, airlines, landlords, travel, computers, cell phones, sport events, hotels, business clothes, just to name a few...
1099reform.com was founded similar to the tea party. Its organization is managed by a large body of grass roots members. Small businesses in America are known as the back bone to the economy. 1099reform.com believes this new law is too burdensome and unreasonable.
1099reform.com will continue to pressure both sides of the political fence. In order to repeal or reform this law will take difficult negotiations and concessions from both sides of each party. Please join the reform by visiting 1099reform.com
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Tags: 1099 changes, 1099 form, 1099 laws