House Republican leadership is playing games with H.R. 4, which, as originally written, would eliminate 1099 reporting as imposed by Obama’s healthcare legislation.
Despite H.R. 4 passing the House by...
READ MORE
Posted by Bill Haynes on March 22nd, 2011
Category: New 1099 Reporting
H.R. 4 passed the House by a vote of 314-112, which fairly much assures it would pass the House in a final vote. However, a companion bill must pass the Senate before Obama faces the unpleasant choice...
READ MORE
Posted by Bill Haynes on March 4th, 2011
Category: New 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. ...
READ MORE
Posted by Bill Haynes on March 2nd, 2011
Category: New 1099 Reporting
The move to eliminate the 1099 reporting, which is now law but doesn’t go into effect until 2012, suffered a setback last week when the Senate rejected Nebraskan Senator Mike Johanns’ S. 3578, which...
READ MORE
Posted by Bill Haynes on September 20th, 2010
Category: New 1099 Reporting
UPDATE: With absolutely no fanfare, 1099 reporting of $600 transactions as called for under Obamacare was repealed April 14, 2011. The votes in Congress were overwhelmingly in favor of repeal, vitually...
READ MORE
Posted by Bill Haynes on August 5th, 2010
Category: New 1099 Reporting