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Small Businesses Threatened With 1099 Tax Forms (In the Health Bill?!)

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limitgov Posted: Mon, May 24 2010 12:08 PM

http://www.naturalnews.com/028854_1099_small_business.html

A small section hidden away in the 2,409-page bill requires all businesses to send 1099 tax forms to every company or individual from which they purchased more than $600 in services and goods throughout the tax year, beginning on January 1, 2012.

Another thank you is in order to all the congressmen who don't bother reading bills they vote on.

 

In a way, this is good...this might actually speed up the process of getting rid of the income tax.

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Sphairon replied on Mon, May 24 2010 12:12 PM

I quote Gary North:
 

The IRS will be buried in billions of new forms. I'm an older guy. I think back to Carl Sagan's memorable words in the 1980 PBS series, Cosmos: "billions and billions."

These forms will have to be scanned into the system.

If businessmen want to protest this law in a legal but effective way, they will have their tax preparers write in the numbers by hand. Then IRS will have to type in the data on each form by hand.

Billions and billions!


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