1099s and New Tax Reporting Rules

Posted July 11, 2010

In California, Commercial, investing, Los Angeles, real estate, Santa Monica

Can November get here soon enough?

“But the cost of that paper trail could swamp the small companies, sole proprietors freelancers forced to generate it. Pennsylvania business networking organization SMC Business Councils surveyed its members and found that they currently average 10 filings a year of 1099 forms. The new… rules would push that average to more than 200 filings per year for a typical small business, the industry group estimates.”

Money CNN – New 1099 Reporting Rules

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