
Senate Votes to Repeal the 1099 Requirement for Business from Healthcare bill
Examiner.com reports that Small business cheered yesterday as a bi-partisan vote in the Senate took place to repeal the 1099 requirement that was placed into the massive Healthcare bill passed last year. This requirement had been seen as a massive ‘tax’ on both people, and small businesses as it would have required anyone performing any transaction equaling or exceeding $600.00 to issue a 1099 form as part of the process.
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