SmallBusinessExecutiveInforming, Inspiring and Connecting Businesses
As Senate fails to repeal 1099 rule, opposition mounts
Small business groups are grumbling about the Senate’s failure to repeal a 1099 tax-filing rule that will create a mountain of paperwork when it takes effect in 2012. Under the provision, the nation’s 40 million small businesses would be required to file a 1099 in 2012 for vendors that they’ve bought more than $600 in [...]
