|
1099 Nonsense
Since it seems like many of you, like me, are business owners, I thought I'd mention the upcoming 1099 changes. As of 12/31/11, businesses will have to 1099 every company they purchase > $600 from. Staples, Office Depot, Kinkos, your ISP, your cell phone provider. If you're like me and you prepare your own 1099's, you have a nightmare to look forward to.
In other news, the IRS will also begin requiring "payment settlement entities" such as PayPal to begin filing form 1099-K, which I expect to demolish eBay, Craigslist, and all of the other really useful ways to find the things you need.
Thanks, Obama!
__________________
1999 Carrera 4 • Aero kit • 4" UD Pulley
My Corvette doesn't leak oil... it sweats horsepower.
|
Threaded Mode
