Hey - guess what else is in the HC bill!

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by chanel, Apr 30, 2010.

  1. chanel
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    chanel Silver Member

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    Costly IRS Mandate Slipped into Health Bill | Cato @ Liberty

    Let's see. Our tiny little business issues about 20 1099's per year. I predict we will need to send out at least 200 next year.

    We are incorporated so we receive none. We will probably receive close to a 1000. Each of which will have to be copied and sent to the IRS.

    Unfuckinbelievable.
     
  2. WillowTree
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    WillowTree Diamond Member

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    Listen here Chanel.. Nobody gets fucked for nothing! :eusa_angel:
     
  3. Immanuel
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    Immanuel Gold Member

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    Many businesses that I know of already do this.

    From my understanding if a business is incorporated then the payer did not need to send a 1099, but an awful lot of businesses did just to be certain to cover their butts.

    1099 forms are a pain in the ass, bad for the environment and a complete waste of time and money to send to any business as the number of people that actually fill them out never equals the amount of income the corporation recognizes as income in the first place.

    This provision is environmentally unsound, but not to be unexpected from politicians.

    Immie
     
  4. Baruch Menachem
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    Baruch Menachem '

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    Boon for the post office and the paper companies.
     
  5. chanel
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    chanel Silver Member

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    How many IRS agents did they say the need to hire? May have to quadruple that.

    Ridiculous.
     
  6. industry7
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    industry7 Member

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    Or you could keep track of that info in a database, and then file electronically. This is the year 2010 afterall, it's practically the future already!
     
  7. chanel
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    chanel Silver Member

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    You still have to mail a hard copy to the vendor don't you? Maybe this is just a plan to save the post office. Although Baruch may be on to something. I wonder which politicians get the most dough from the paper companies.

    Save Dunder Mifflin! Lol
     
  8. Immanuel
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    Immanuel Gold Member

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    Technically, you do... but I must tell you that my practice when I receive them at work has always been to Deep 6 them. They are a complete waste of paper.

    Immie
     
  9. PatekPhilippe
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    PatekPhilippe Senior Member

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    What was that line about the IRS NOT being the enforcing agency with respect to healthcare? I didn't quite catch that.
     

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