Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as '1099 Reporting'

1099 Repeal Legislation

April 15th, 2011 · Comments Off on 1099 Repeal Legislation · Uncategorized

Wonderful news this April 15, 2011! President Obama on April 14 signed the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 (HR 4).   This Act repeals an objectionable Form 1099 reporting requirement.   This former record-keeping provision was included in the Patient Protection and Affordable Care Act (P.L. 111-148).  It […]

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