This is not correct. Please don't spread FUD. Check with your CPA to find out who and when you need to 1099. Only Individuals get 1099s, and only for services- not merchandise.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of MDK Sent: Wednesday, April 28, 2010 10:40 PM To: WISPA General List Subject: [WISPA] You're going to love this... New IRS rules http://www.cato-at-liberty.org/2010/04/26/costly-irs-mandate-slipped-into-he alth-bill/ It requires 1099's for EVERY entity you do more than $600 business with a year. Gas station. Walmart, your landlord, a $700 used car or truck. Ebay purchases, ALL require 1099's now if you go over $600 a year. That's almost enough for me to throw up my hands and say "I quit". Frankly, we should all just quit. For a week. Or a month. Call up the White House and say "you want it so bad, well now you got it, we quit". When about 50 million of us do that, perhaps the administration will realize it should consult someone besides insane marxists as it concerns business and economics. ++++++++++++++++++++++++++++++ Neofast, Inc, Making internet easy 541-969-8200 509-386-4589 ++++++++++++++++++++++++++++++ ---------------------------------------------------------------------------- ---- WISPA Wants You! Join today! http://signup.wispa.org/ ---------------------------------------------------------------------------- ---- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
