Monday, May 24, 2010

Stealth IRS campaign mandates millions of new 1099 tax forms

http://www.blacklistednews.com/news-8872-0-32-32--.html


Small business, you need to take a read.
It's hard to believe this was in the Health Care Bill isn't it?
Nancy Pelosi's "Oh you'll have to pass it, to find out what's in it."
Well surprise surprise,
Now we at least know why the IRS had to hire all those new employees.

The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.

The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year.