AICPA: Repeal New 1099 Reporting

Wednesday, 17 November 2010
News

AICPA logoThe American Institute of CPAs has called on Congress to repeal a requirement that businesses making purchases of more than $600 in goods or services from another vendor would have to provide the vendor and the Internal Revenue Service with a Form 1099-Misc. The AICPA termed the requirement "burdensome."

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