l****z
发帖数: 29846 | 1 by Bill Sheridan
Our long national nightmare is nearly over.
Following the House's earlier lead, the Senate has passed a bill that
repeals the onerous 1099 reporting requirements outlined in the 2010 health
care reform package. The bill now heads to the White House, where Preisdent
Obama is expected to sign it. In his State of the Union speech in January,
Obama indicated that he would support efforts to repeal the 1099 rules.
Those rules would have forced businesses to report to the IRS every purchase
of $600 or more from a vendor of goods or services, beginning with
purchases made in 2012.
Shortly after the Senate's action, inboxes and Twitter streams were choked
with statements from small business officials praising the move.
AICPA President Barry Melancon called it "a victory for taxpayers,"
adding, "The AICPA had advocated strongly for the repeal of these reporting
requirements because the increased burden on taxpayers and the time
consuming process the IRS would have to use to reconcile millions of forms
is too costly."
R. Bruce Josten, executive vice president for government affairs with
the U.S. Chamber of Commerce, said that "with small businesses struggling to
grow and create jobs, the last thing they need is the federal government
burying them in senseless paperwork. This action is a positive step towards
reducing the overreach of government and allowing the private sector to help
guide our economic recovery."
Kevan Chapman, a spokesman for the National Federation of Independent
Business, told CFO.com that the measure "is a gigantic victory for small
businesses."
You get the idea.
This is one of those rare cases in which nearly everyone agrees on what
needs to be done. My only question is: Why'd it take our political leaders
so long to act? It seems like a simple matter of common sense.
Oh ... that's why. |
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