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Congress plays chicken over paying for 1099 mandate repeal
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<p>[QUOTE="NPCoin, post: 1106214, member: 5629"]BTW, GD, I do not expect you to change your opinion, nor to be swayed either way by this debate. Any opinion on the matter is exactly that at this point...an opinion. You are basing your opinion on the current and previous implementations of a majority of 1099-MISC filings that have occurred business-business. I am basing them on the clear text of the additions, as well as the indicated intent thereof, as indicated through accounting/tax professionals and industry experts.</p><p><br /></p><p>We are on two sides of the issue, and will most likely remain on such until the law is repealed or the IRS reveals its new forms and regulations in the next several months. In either case, I hope that the discussion/debate is able to make certain issues about the law known and perhaps prepare individuals in their ultimate course of action when the time comes to do so.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 1106214, member: 5629"]BTW, GD, I do not expect you to change your opinion, nor to be swayed either way by this debate. Any opinion on the matter is exactly that at this point...an opinion. You are basing your opinion on the current and previous implementations of a majority of 1099-MISC filings that have occurred business-business. I am basing them on the clear text of the additions, as well as the indicated intent thereof, as indicated through accounting/tax professionals and industry experts. We are on two sides of the issue, and will most likely remain on such until the law is repealed or the IRS reveals its new forms and regulations in the next several months. In either case, I hope that the discussion/debate is able to make certain issues about the law known and perhaps prepare individuals in their ultimate course of action when the time comes to do so.[/QUOTE]
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