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elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Wed Jun 02, 2010 4:04 pm Post subject: Stealth IRS changes mean millions of new tax forms |
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NEW YORK (CNNMoney.com) -- The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.
The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year.
It was actually something that we were following back under the Bush administration under the 2008 budget -- we started to see these kinds of rumblings about the 'tax gap' and whether or not businesses were paying their fair share," says Tom Henschke, president of the Pennsylvania-based SMC Business Councils, which was one of the first organizations to call attention to the health care amendment when it was introduced last fall. "So two administrations can claim credit for this."
more.. link to news article |
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kevinatgrannys
Joined: 03 Jan 2006
Posts: 1799
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| Posted: Thu Jun 03, 2010 11:25 am Post subject: |
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| It is amazing the amount of paperwork we all are going to have to do for taxes next year! |
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elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Thu Jun 03, 2010 4:26 pm Post subject: Re: Stealth IRS changes mean millions of new tax forms |
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I own 3 small companies and I already use about 21 pages when filling out the paperwork for the IRS each year. :roll:
Yep Kevin I might as well start cutting down more trees. :roll:
BTW folks I snagged this article off of one of Kevin's post at AS. :D
Thanks for the heads up amigo!! |
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