SBA Backs Repeal of ‘Burdensome’1099 Reporting Requirements on Small Business Transactions
… Act (introduced by Senator Baucus) which would repeal this provision. As President Obama said on Nov. 3: “… the … consequence of a potential paperwork burden resulting from this provision quickly came to light, and we immediately … the I.R.S. and others. Importantly, the repeal of this provision through the Small Business Paperwork Relief …