1099 rule buried in health care reform law draws criticism

05/28/2010 | Bloomberg Businessweek

Rep. Dan Lungren, R-Calif., has introduced a bill that would roll back the provision buried in the health care reform law that will require businesses to file 1099 forms to any vendor from which they purchase $600 or more of goods and services. The provision is expected to be especially hard on small-business owners who could be faced with a drastic increase in paperwork.

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