Senate Fails to Approve Amendment to Repeal Form 1099 Reporting Requirement in Health Care Bill

Despite two attempts, the Senate on Monday failed to approve amendments to the FDA Food Safety Modernization Act (S. 501) that would have repealed the much-maligned provision in the Affordable Care Act that expands a business’s 1099 information reporting requirements. Specifically, the highly contentious provision requires all businesses, charities, and state and local governments to file 1099 forms if they purchase $600 or more in goods from another business after December 31, 2011. Business interests and the IRS have decried this mandate, claiming the burden of compliance and administration will be too great for all involved.  Continue reading this entry at Littler’s Healthcare Employment Counsel.

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