Best Practices Blog

New tax reporting requirements bad for business

Typically, I’ve used this blog as a forum for sharing insights into developing custom software. Today, I’m deviating from that and asking you to take action in another way to help your business and all businesses.

With the passage of the health care reform act (H.R. 3590), there was a hidden bit of legislation tacked onto the bill. Section 9006 changes tax reporting requirements for all businesses in the U.S. This requirement will force companies to request W-9s and to produce and file a 1099-Misc for all expenses equal to or greater than $600 per year, cumulatively, with any vendor or retailer.

This would not just include the standard contract laborers, but all providers of services or goods. That includes Staples, Sam’s Club, Delta Airlines and FedEx for example. This would increase the amount of 1099s to be filed by many, many times for all businesses.

I feel–as I hope many of you do–that this requirement is excessive and especially hurtful to small business at a time when businesses are struggling to recover in a still-ailing economy.

Click here to read more about the possible effects of this new legislation.

Then, I encourage you to take action to prevent this before it goes into effect beginning in 2012.

U.S. Rep. Dan Lungren from California submitted House Resolution 5141 The Small Business Paperwork Mandate Elimination Act, which proposes to remove section 9006 of H.R. 3590.

By going to this site, you can find a contact form for your congressman. Please write your local representative and include the following text:

Congressman Name:

I am concerned about a portion of the recent health care reform bill pertaining to additional requirements for 1099 reporting for businesses. Section 9006 of H.R. 3590 will require businesses to request a W-9 and produce a 1099 for all vendors and retailers with which they spend $600 or more per year. I’m concerned that this will require more time and expense for businesses–and will be particularly hurtful for small businesses–at a time when businesses are still struggling. The requirement would take effect in 2012. H.R. 5141: Small Business Paperwork Mandate Elimination Act has been introduced in the House and has been referred to the House Committee on Ways and Means. I support passage of this bill and would appreciate your support of this bill and your support of small businesses.

Thank you,
Your Name

Please feel free to customize it as you like and spread the word.


natural hrt remedies drug free nj

Comment by Kennethbeive; February 25, 2020 7:32am

With Houzz controling the online search engine results of your most important key words, it is essential that when internet traffic probably to Houzz that you will show in addition to their directory. We can aid - Houzz followers NYC : Online reviews to houzz Right Below at HouZzilla we have an assigned team of marketing experts that especially service Houzz monitoring and also optimization. We are all "Certified Houzz Advertising And Marketing Professionals"- a Houzz advertising and marketing training program with a certification examination. As experts in Houzz account management as well as optimization, Consumer HouZzilla routinely obtains clients leading natural Houzz positionings consisting of in Springfield, in addition to in unrestricted communities across the country.

Comment by hzanazySlozy; September 11, 2019 10:53am

Mail order isotretinoin mastercard vardenafil canadian pharmacy Side Affects Of Amoxicillin Clavulin

Comment by LesEngipt; September 10, 2019 11:54pm

LAZY way for $200 in 20 mins:

Comment by WilliamOdogs; July 24, 2019 4:24am

Women are looking for sex in your city:

Comment by WilliamOdogs; July 05, 2019 8:32pm

Women are looking for sex in your city:

Comment by WilliamOdogs; July 04, 2019 9:03am

Pitaisiko investoida Marihuanan osakkeisiin - BEST Cannabis Stocks:

Comment by LonnieIodip; June 27, 2019 12:03am

Investieren Sie in Cannabis NZ:

Comment by MatthewMef; June 26, 2019 7:39pm

Pictoa Filles Sexy Pour La Nuit Dans Votre Ville Etats-Unis:

Comment by Waynesap; June 19, 2019 4:32am

Les meilleures filles pour le sexe dans votre ville:

Comment by Waynesap; June 18, 2019 1:47pm

Beautiful women for sex in your town UK:

Comment by Mathewvof; June 17, 2019 9:51pm

Meet sexy girls in your city UK:

Comment by JamesMor; June 17, 2019 9:51pm

So investieren Sie 10 000 USD in Cryptocurrency - Money Morning Germany:

Comment by Edwintwiff; June 14, 2019 8:21am

If you Australian get passive income of $ 15,000 per week:

Comment by Edwintwiff; June 12, 2019 12:34pm

Les meilleures filles pour le sexe dans votre ville:

Comment by Clintoncib; June 09, 2019 11:59pm

Hello, I want to work in your company on a voluntary basis, can you offer me anything? a little about me:

Comment by Janinemex; March 31, 2019 3:51am

Hey! Rustic bathroom renovations Williamsburg - Budget bath remodel

Comment by Bathroomsmed; March 28, 2019 6:39am

Hello, I want to work in your company on a voluntary basis, can you offer me anything? a little about me:

Comment by DianaCog; March 20, 2019 7:20am

Post a comment

Required Privacy Statement