Let's hope it turns out to be nothing. Would be burdensome. For some more than others.
----- Original Message ----- From: "MDK" <rea...@muddyfrogwater.us> To: "WISPA General List" <wireless@wispa.org> Sent: Wednesday, August 04, 2010 10:56 AM Subject: Re: [WISPA] OT: New Tax Recordkeeping Rules Will Cost SmallBusinesses > That came to the attention of the list several months ago. What's come > out since then, is that the IRS itself hasn't the capacity to even deal > with > the 1099's, nor have they the automated capacity to do what Congress > intended they use them for. Nor has Congress provided the means of > funding the changes necessary to do so. > > The IRS is attempting to thin the number of 1099's by administrative > relief, > by saying that all credit card and debit card transactions, for instance, > are going to be exempt. However, that's not set in stone, because it is > actually re-writing what Congress clearly intended in the bill. > > I believe there's some Republican congresscritters who are seeking to > repeal > this, specifically, but right now, I'm not in possession of that > factually, > I don't know the names. This rule was imposed by "Obamacare", and was > written into "health care reform". > > There's a very sizeable number of states and other individuals, as well as > class action lawsuits (of which I am a member of one) who is suing > Congress > over a number of provisions in the bill. Overlooked by the writers, was > the need to write severability into the bill, so if any portion or part or > segment or function of it is found illegal or unenforceable or > unconstitutional by the courts, the whole will be nullified. > > So, while yeah, this looks like a big deal for some, it may, if the > lawsuits > win, turn out to be nothing, and a lot of our headaches can or will be > dispatched in court. > > > > ++++++++++++++++++++++++++++++ > Neofast, Inc, Making internet easy > 541-969-8200 509-386-4589 > ++++++++++++++++++++++++++++++ > > -------------------------------------------------- > From: "Matt" <lm7...@gmail.com> > Sent: Wednesday, August 04, 2010 7:16 AM > To: <motor...@afmug.com>; "WISPA General List" <wireless@wispa.org> > Subject: [WISPA] OT: New Tax Recordkeeping Rules Will Cost Small > Businesses > >> http://www.toolkit.com/news/newsDetail.aspx?nid=10-161Form1099 >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> -------------------------------------------------------------------------------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
