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Re:Senate votes to repeal 1099 reporting requirement in heal... by dusing on Wednesday February 02, 2011 @10:40PM (#2173483)
Good. I wasn't going to do it anyways
Re:Senate votes to repeal 1099 reporting requirement in heal... by jerf on Wednesday February 02, 2011 @10:46PM (#2173500)
You and most of the rest of the US; how would you even educate the population about this massive change quickly enough? Computers have made much paperwork cheaper and faster but this was simply absurd, a perfect example of doing the cost/benefit analysis and simply assuming the cost of paperwork is either a flat zero, or that one can account for the cost of paperwork solely by considering the cost to the government as if that's the only entity that matters.
Re:Senate votes to repeal 1099 reporting requirement in heal... by brainid on Thursday February 03, 2011 @07:19AM (#2174457)
I think that tax preparation services were salivating at the prospects. Mine sent a letter with our tax prep organizer explaining the change and offering their services to prepare them for me.

I agree that it is absurd.

Re:Senate votes to repeal 1099 reporting requirement in heal... by jcromartie on Wednesday February 02, 2011 @10:51PM (#2173509)
That's pretty much how I felt too. Imagine every single business ISP and cell phone provider in the country receiving a 1099 from every single customer. This requirement was pretty much the single dumbest thing ever codified into law.
Re:Senate votes to repeal 1099 reporting requirement in heal... by mckoss on Thursday February 03, 2011 @12:52AM (#2173806)
I think this applied to unincorparated providers only. But I agree, this was a very intrusive expansion of reporting requirement for taxpayers. Thank goodness they are getting rid of it.
Re:Senate votes to repeal 1099 reporting requirement in heal... by rbritton on Thursday February 03, 2011 @01:33AM (#2173899)
I was going to handwrite them all so OCR wouldn't work effectively.