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HOT off the press!!!!!!

gavin.ogden
Posts: 1,729
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11/2/2010 5:22:02 PM
Posted: 6 years ago
So today I was going through the mail for my business, and I received notification from a certain regulatory board. Apparently, there was a hidden clause in the new health care plan, that has nothing to do with health care. The new LAW says this: You must now give IRS form 1099 to ANY business that you do more than $600 in business transactions for the calendar year. Are they really serious? That is absurd. I really don't know if it applies to individuals or just businesses, but definitely applies to me. I'm going to have to hire someone just for keeping up with all the 1099s. Does anyone know more about this? Any opinions on this?
jharry
Posts: 4,984
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11/2/2010 5:23:49 PM
Posted: 6 years ago
At 11/2/2010 5:22:02 PM, gavin.ogden wrote:
So today I was going through the mail for my business, and I received notification from a certain regulatory board. Apparently, there was a hidden clause in the new health care plan, that has nothing to do with health care. The new LAW says this: You must now give IRS form 1099 to ANY business that you do more than $600 in business transactions for the calendar year. Are they really serious? That is absurd. I really don't know if it applies to individuals or just businesses, but definitely applies to me. I'm going to have to hire someone just for keeping up with all the 1099s. Does anyone know more about this? Any opinions on this?

I believe they call it "progress". Or maybe it is "change". :)
In nomine Patris, et Filii, et Spiritus Sancti. Amen
Ore_Ele
Posts: 25,980
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11/2/2010 5:26:29 PM
Posted: 6 years ago
Surely you use an accounting software for your business that can tally this all up for you, or have an accountant that you pay salary (rather then hourly) that this can be dumped on?
"Wanting Red Rhino Pill to have gender"
gavin.ogden
Posts: 1,729
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11/2/2010 8:31:06 PM
Posted: 6 years ago
At 11/2/2010 5:24:50 PM, OreEle wrote:
http://money.cnn.com...

This was "outed" back in May.

If this is true, then this country is going to be drastically different in the new decade. The government really is starting to take over completely. Something really needs to be done about this.
Ore_Ele
Posts: 25,980
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11/2/2010 8:36:55 PM
Posted: 6 years ago
At 11/2/2010 8:31:06 PM, gavin.ogden wrote:
At 11/2/2010 5:24:50 PM, OreEle wrote:
http://money.cnn.com...

This was "outed" back in May.

If this is true, then this country is going to be drastically different in the new decade. The government really is starting to take over completely. Something really needs to be done about this.

Accounting software will adjust to meat the needs, all you will really be out is the printing paper, computer ink, and postage. All of which is a business expenses.

Are you doing all your accounting by hand?
"Wanting Red Rhino Pill to have gender"
LaissezFaire
Posts: 2,050
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11/2/2010 8:38:35 PM
Posted: 6 years ago
At 11/2/2010 8:31:06 PM, gavin.ogden wrote:
At 11/2/2010 5:24:50 PM, OreEle wrote:
http://money.cnn.com...

This was "outed" back in May.

If this is true, then this country is going to be drastically different in the new decade. The government really is starting to take over completely. Something really needs to be done about this.
lol
Should we subsidize education?
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: At 6/22/2011 6:57:23 PM, el-badgero wrote:
: i didn't like [Obama]. he was the only black dude in moneygall yet he claimed to be home. obvious liar is obvious liar. i bet him and bin laden are bumfvcking right now.