Topic: Tax law change for 1099's

[bigchaz]

http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/
http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/


Unbelievable guys...starting in 2012 be prepared businesses must issue a 1099 to ANY individual or corporation for which you had more than 600 dollars in business throughout the year.  We're talking dozens of more pages of paperwork...

Depending on how it gets written in by the IRS we are talking about all your supplies, (chemicals, stains, hose, etc) anything you buy over 600 from one store.  Staples, office depot, home depot.  Depending on how you deduct your vehicle useage that could also mean your repair shop, gas stations, everyone. 

[Celeste@CarolinaProWash]

Ahhhh, the benefits of QuickBooks Pro just keeps growing