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Message:: [QUOTE="GDJMSP, post: 935296, member: 112"]Yeah, I know that is what is being said. But I still believe they are wrong. That is not what that law says. Guess what - you always have been required to issue a 1099 for those things. That is not something new. Jim - that is exactly why I quoted the law word for word as it is now and has been for years. Then I quoted the law as it will be when the changes take affect. What they have done is change the wording slightly because there are too many people who have been cheating and not following the law. Think about it for a second Jim. If what is being reported in the press is true, the IRS will in effect cease to function because they will be literally buried in 1099 forms. They wouldn't even be able to find their offices there would be so many forms. Even they are not so stupid as to do something like that. Wait and see. Neither the IRS nor the govt. have said a word about what the changes to the current law means or how those changes are to be interpretted. What we are seeing in the press is the press's interpretation. I believe it is sensationalism and nothing but sensationalism. Somebody started it for a reason, they have an agenda. And you can bet there is political motivation behind it. Again, read the law as it is. Then read it again with the changes added.[/QUOTE]