Monday, May 17, 2010

Obamacare: Paperwork You Can Believe In

Human Events reports:
The scariest news for America’s forests may be a brand-new mandate that will compel each business — from General Electric to the neighborhood handyman — to file an IRS Form 1099 for every business on which it spends at least $600. Form 1099 today applies only to independent contractors, e.g. a graphic artist who earns $1,000 for designing a sales brochure. Come 2012, ObamaCare vastly will expand 1099s to sellers of goods as well as services, and not just the self-employed, but also businesses — large and small.
If you read one article today: this is the one.