Startup America Suggestion of the Day: Repeal the New 1099 Rules (Installment 8)

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Tucked into the healthcare reform bill was a provision which is going to require everyone in business to issue Forms 1099 to anyone from whom they buy more than $600 in goods during the calendar year, effective 1/1/2012.

The penalties for noncompliance are severe, and summarized here.

This means that if you are a startup, and you buy some new PCs from the Microsoft store, you are going to have to issue a Form 1099 to Microsoft.

Please see full alert below for more information.

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Davis Wright Tremaine LLP on:

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