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New 1099 Filing Requirements

Posted by taxguru on July 21, 2010

Gold Coin Sellers Angered by New Tax Law –  There appears to be a growing awareness and resentment to the upcoming requirement to file 1099 forms for many more kinds of transactions than are currently under the rules.  Hopefully, this idiotic rule will be repealed before it takes effect on January 1, 2012.

Neal Boortz had an excellent rant on this issue in his Nuze yesterday.

 

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