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<p>[QUOTE=&quot;coin roll guy, post: 951324, member: 3298&quot;]Hey folks i dont know if this has already been posted, I have been out of the coin arena for a bit.</p><p>can yal tell me if this is accurate?</p><p><br /></p><p><a href="http://www.thenewamerican.com/index.php/usnews/politics/4002-obamacare-gotcha-even-coin-dealers-and-coin-collectors-are-adversely-affected" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.thenewamerican.com/index.php/usnews/politics/4002-obamacare-gotcha-even-coin-dealers-and-coin-collectors-are-adversely-affected" rel="nofollow">http://www.thenewamerican.com/index.php/usnews/politics/4002-obamacare-gotcha-even-coin-dealers-and-coin-collectors-are-adversely-affected</a></p><p><br /></p><p><i>Numismatic News</i>, a highly respected publication read by many&nbsp; coin collectors, reported a shocking discovery in both their printed&nbsp; publication and on their website.</p><p>&nbsp;<i>Numismatic News</i> reported:</p><p>&nbsp;Section 9006 of the Patient Protection and&nbsp; Affordable Care Act (Public Law 111-148, signed into law by President&nbsp; Obama this spring) turns 1099 forms into reporting forms not only for&nbsp; independent contractors&#039; income — what they have long been used for —&nbsp; but also to show sales, gains and losses on purchases and sales of goods&nbsp; as part of a trade or business.”</p><p>&nbsp;The article also added:&nbsp; “What has&nbsp; happened is that effective Jan. 1, 2012, the whole system of giving and&nbsp; receiving Internal Revenue Service 1099 forms will be turned on its head&nbsp; and all persons (including corporations) who are in business will now&nbsp; have to give 1099 tax reporting forms for coins and other goods that&nbsp; they sell as well as buy.&quot;[/QUOTE]</p><p><br /></p>

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