Friday, April 08, 2011

Editorial: Form 1099s get 86'd from Obamacare

Editorial: Form 1099s get 86'd from Obamacare

Orange County Register ^ | 4-8-2011 | Editorial staff

Posted on Friday, April 08, 2011 5:22:53 PM by landsbaum

A year of contentious debate finally concluded this week following overwhelming votes of both houses of Congress to repeal a relatively small, but typically onerous, requirement of President Barack Obama's signature health care law.

Oddly enough, the president said he was pleased that Congress corrected "a flaw" in Obamacare that would have placed unnecessary bookkeeping burdens on small businesses, requiring them to file an IRS Form 1099 for every vendor or individual they pay more than $600 in a year. The president apparently hadn't noticed the burdensome flaw when he signed the law last year. . .

(Excerpt) Read more at ocregister.com ...

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