1099 form News

Senate Sends Repeal of Healthcare Law’s 1099 Tax Provision to Obama

In an 87-12 vote, the Senate has passed a repeal of the new IRS 1099 tax reporting provision contained in the major federal healthcare reform law. The bill — H.R.4, the Small Business Paperwork Mandate Elimination Act of 2011 — …

House Votes to Repeal Healthcare Law’s 1099 Reporting Measure

The U.S. House of Representatives voted Thursday to rescind an unpopular business tax reporting requirement in the year-old healthcare law, but the measure could be delayed by a dispute with Senate Democrats over how to pay for it. The House …

Senate Votes to Rescind IRS 1099 Healthcare Reporting Measure

The U.S. Senate Wednesday voted overwhelmingly to rescind a measure in last year’s healthcare law that expands business transaction reporting requirements to the Internal Revenue Service. Bowing to pressure from small business groups who say the new reporting requirements will …