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Health reform's 1099 headache

from CFO

A brief provision in the health care reform law could create big reporting problems for small businesses. Formerly, only unincorporated businesses that purchased services greater than $600 in a year were required to file a 1099 with the Internal Revenue Service and with the provider. The new rule extends the requirement to all companies, charities, and state and local governments. It also expands the provision to include purchases of goods or products. more

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