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The Coming Paperwork Mushroom Cloud
Posted by Tom Klemens on May 11, 2010 at 7:04 AM.

If you thought taxes were a pain before, just wait until 2012. CNN reports that a provision buried in section 9006 of the massive health care reform bill – which you’ll recall was passed and signed into law in late March – dramatically expands the use of 1099 tax forms. Beginning January 1, 2012, all companies will have to issue 1099s to any individual or corporation from which they buy more than $600 in goods or services with in a tax year. They’re not just for services anymore; they’re for virtually everything.


Although the intent might have been a good one – to collect more taxes by cutting down on unreported revenue – compliance is expected to create a huge burden for businesses of all sizes.


To read the CNN commentary, go to


To read the Patient Protection and Affordable Care Act, which was signed into law March 23, 2010, go to
where you can explore H.R. 3590 or view the entire 2,393-page document (allow extra time for the second option).

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