Daily Archives: April 21, 2011

Repeal of Expanded 1099 Reporting Rules for Businesses

The President recently signed the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (the 1099 Act). This new act retroactively repeals the expanded Form 1099 information reporting rules added by 2010 legislation. The 1099 Act repeals the Health Care Act’s extension of the Form 1099 reporting requirements for payments made […]