Subject: Now this is getting crazy
Date: Saturday, July 10, 2010
Posted By: Anthonyvop

Whoever voted for Obama and other dems.....What were you thinking?

"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."

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