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Archive for the ‘New 1099 Reporting’ Category

House leadership makes repeal of 1099 reporting less likely

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...

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Posted by Bill Haynes on March 22nd, 2011

Category: New 1099 Reporting

H.R. 4 passes; new 1099 reporting closer to repeal

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...

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Posted by Bill Haynes on March 4th, 2011

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. ...

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Posted by Bill Haynes on March 2nd, 2011

Category: New 1099 Reporting

1099 reversal suffers setback; battle goes on

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...

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Posted by Bill Haynes on September 20th, 2010

Category: New 1099 Reporting

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UPDATE: With absolutely no fanfare, 1099 reporting of $600 transactions as called for under Obamacare was repealed April 14, 2011.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...

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Posted by Bill Haynes on August 5th, 2010

Category: New 1099 Reporting

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