Wednesday, December 7th, 2016 MST

Category: New 1099 Reporting

Chance to repeal Obama’s 1099 reporting

Gold and silver investors are concerned about the 1099 reporting that was slipped into Obama’s 2,400-page healthcare legislation, and rightfully so.  The measure is invasive, burdensome and un-American.  It should be repealed, and today there is a major step toward repeal. The House is expected to vote on a bill today to repeal the 1099

New 1099 Reporting

New 1099 reporting rules buried in the Obama’s health care legislation — if they go into effect — will have a major negative impact on precious metals dealers and their clients. Just as bad, the new regulations will have a harmful impact on all businesses. Legislation has already been introduced to repeal them before they go into effect.