Friday, May 21, 2010

Stealth IRS campaign mandates millions of new 1099 tax forms - May. 21, 2010

Stealth IRS campaign mandates millions of new 1099 tax forms - May. 21, 2010:

NEW YORK (CNNMoney.com) -- The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.

The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year."

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