Sep 03
At issue is a section of the Patient Protection and Affordable Care Act that requires all businesses to send 1099 tax forms to every company or individual from which the business purchased more than $600 in goods and services starting in January 2012. “This expensive and burdensome new paperwork requirement has no connection to health care, but was included as an attempt to generate revenue–$17 billion over 10 years–on the backs of small businesses,” NLBMDA said in an alert e-mailed Wednesday
via NLBMDA
