1099 tax rule may bring big pain to small business
The new rules on 1099 forms, which were attached to the health care bill and are set to go into effect in 2012, call for all businesses, no matter how small, to file 1099 forms for goods as well as for services. That sounds like a technicality, but it has small business up in arms. The following is why it matters, and what you need to know.
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