Re: [MOPO] New tax law: 1099s for vendors....

2010-07-11 Thread James Richard
I love this sort of law... like, say I'm running a business and I buy from my local Wall-Mart more than $600 per year worth of office/computer supplies and equipment. So now I have to issue a 1099 form to Wal-Mart? I guess they will exempt big corporations from this provision, because, as we

Re: [MOPO] New tax law: 1099s for vendors....

2010-07-11 Thread Craig Miller
I'm guessing that retail purchases don't come under this new law. Craig. At 02:21 PM 7/11/2010, James Richard wrote: I love this sort of law... like, say I'm running a business and I buy from my local Wall-Mart more than $600 per year worth of office/computer supplies and equipment. So now I

Re: [MOPO] New tax law: 1099s for vendors....

2010-07-11 Thread Richard Halegua Comic Art
yes that would be correct it essentially applies to merchandise bought dealer-to-dealer and for which any sales taxes are not collected as the items are bought for resale and which I would for instance provide a sales tax # I'm sure the intent of the law is to make sure that items bought