1099 Requirements “a hardship on small businesses”
According to a group of Democratic senators, the IRS needs to reduce the paperwork burdens that will fall on small businesses from the new 1099 reporting requirements due to hit in 2012.
The new requirements may place a hardship on small businesses by creating an extra paperwork burden. … We insist that the IRS develop ways in which small businesses can reduce expected paperwork from this requirement.
So, thanks go out to Senators Ben Nelson of Nebraska, Mark Begich of Alaska, Jeanne Shaheen of New Hampshire and Evan Bayh of Indiana for recognizing the obvious nightmare coming down the road and making efforts to halt the tide of paperwork about to hit small businesses nationwide!



