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| Topic: IRS Is A-Comin', Laddies ... | |
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Edited by
Kings_Knight
on
Sun 07/11/10 09:00 AM
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Oh. You thought things had calmed down for a while, din'tcha ... ? You were SO wrong ... Just wait 'til 'The UN's new TAX REGULATIONS kick in come 01 Jan. 2012 ... If you're a small businessman and you purchase MORE THAN $600 worth of 'goods 'n services' from ANYBODY, you're gonna be up to your asss issuin' 1099s. Tell 'The UN' and his psychophantic 'Congress' thanks while you're complyin' with this unnecessary BS ... this is one more Progressive / Socialist / Communist fustercluck ...
'Hope'. 'Change'. Yeah, right ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/ IRS starts mopping up Congress's tax-reporting mess By Neil deMause, contributing writer | July 9, 2010: 11:18 AM ET NEW YORK (CNNMoney.com) -- With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law's sweeping demands into actual rules for taxpayers. The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships, according to a report released this week by National Taxpayer Advocate Nina Olson. Olson's office, which operates independently within the IRS, flagged the new reporting requirements as one of its priority issues for the next year. Like many who have delved into the details of the new rules, Olson is concerned about their far-reaching scope and potential unintended consequences. "The new reporting burden, particularly as it falls on small businesses, may turn out to be disproportionate as compared with any resulting improvement in tax compliance," the Taxpayer Advocate Service wrote in a report released this week. |
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and all it takes is a little statement....paper work reduction act compliance considered...lol...just what I need, more paperwork to keep track of
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'Hope'. 'Change'. That's why it's always important to force 'em to define terms ...
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Happy hopey changey day! |
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Edited by
RoamingOrator
on
Sun 07/11/10 09:45 AM
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Actually I changed my mind and am keepin my trap shut
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Edited by
Kings_Knight
on
Sun 07/11/10 11:10 AM
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Yeah, them IRS folkses gotz dey ears out eb'rywhere ... don't wanna be gettin' on no 'disaffected American citizens' list ...
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