Justin Case: This'n'That; June Seventh[Business Workload]

"Clown Prince" Increases Business Workload!
[I found this on the WSR website where I'm a member { www.wesurroundrochester.com } It was originally published on the money.cnn website { http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/ }]
The 1099 changes attached to the health care reform bill are another kettle of fish. These massively expand the requirements for filing the "1099-Misc" form, which companies use for recording payments to freelance workers and other individual service providers. Until now, payments to corporations have been exempt from 1099 rules, as have payments for the purchase of goods.
Starting in 2012, that changes. All business payments or purchases that exceed $600 in a calendar year will need to be accompanied by a 1099 filing. That means obtaining the taxpayer ID number of the individual or corporation you're making the payment to -- even if it's a giant retailer like Staples or Best Buy -- at the time of the transaction, or else facing IRS penalties. In essence, the 1099-Misc is having its role changed from a form for tracking off-payroll employment to one that must accompany virtually any sizeable business transaction. "Just with business travel it would include hotels, rental cars," Henschke says.

Phone service: 1099.
Computer service: 1099.
Whoever does your postage meter: 1099.
You do a little advertising, Yellow Pages: 1099.
Your landlord: 1099.

You might as well just keep them in your pocket and hand them out as you go around every day."

Still, the form the new law took was surprising -- especially the requirement that businesses file 1099s when they purchase goods, which hardly anyone saw coming. Henschke's group had previously surveyed its members and learned that they average 10 filings a year of 1099 forms, each of which takes about half an hour to prepare. That's in line with the GAO report, which found that a typical small business spent between three and five hours per year filing 1099s.
But SMC's survey found that extending 1099s just to services purchased from corporations would push that number to at least 200 filings per year for a typical small business -- adding an estimated $6,000 to the cost of preparing the average tax return. And that's without even accounting for the requirement that 1099s be filed for purchases of goods, a provision that Henschke's group didn't see coming when it conducted its survey last year.

"These folks are doing their paperwork in the evenings and on the weekends already," he says. "This certainly adds to the burden substantially."

Is it time to take a stand against fascism??

[Another member from Geneseo, NY entered Post #: 267:

I own a small business and work with many owners of small businesses. Ignoring this law would be a good place to exercise our right to liberty and show that people are in charge, not government bureaucrats. I'd support and join a nationwide movement to boycott 1099's altogether.]

Not only does this provision of obamaCare add another layer of beaucracy to the business world, it enhances the fascist policy of wealth redistribution!!

Anyone, NATIONWIDE, reading this posting--If you're interested in supporting/joining this possible movement, feel free to read the entry at WSR and find contact information for the guy who posted the suggestion.