Small Business Tax Relief Act Fails to Pass in House

2010-12-13T19:00:00Z

...congressman, Dan Lungren of California, whose original bill was called the Small Business Paperwork Mandate Elimination Act (H.R.5141. He complained that Democrats had attached his bill to the Small Business Tax Relief Act before bringing it to the floo

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$600 Sale? Get Ready for Tax Form

2010-07-01T07:10:00Z

Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss. What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for coins and other goods that they sell as well as buy.

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Open Congress : News Articles for H.R.5141 Small Business Paperwork Mandate Elimination Act

Small Business Tax Relief Act Fails to Pass in House

$600 Sale? Get Ready for Tax Form