Tax provision in health care overhaul could hurt small businesses

05/17/2010 | Los Angeles Times (tiered subscription model)

Small-business owners are criticizing a provision in the health care reform law that requires businesses to file a 1099 form for anybody from whom they buy $600 worth of goods or services in a year. The law grew out of efforts to close the tax gap, but many say it will be a paperwork nightmare, especially for small businesses. The Treasury Department has promised it will consider the concerns of small-business owners before the law is implemented in 2012, but some lawmakers are already working to repeal it.

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