Friday, February 4, 2011

1099 Reporting Defeated! ... or was it?

The U.S. Senate voted (again) to rescind the section of "Obama Care" that would require the compilation and submission of Forms 1099 on all payments of $601 or more in a year.  Great!

But, what about the new additions of 1099 requirements for you to file a 1099 on rents received by you on your second home or cottage in the mountains?  Dean Zerbe of Forbes helps bring us back to reality.  Check out the link.  Have a great day. 

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