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Message:: [QUOTE="medoraman, post: 935527, member: 26302"]I agree that currently this is the press' interpretation of the law, I disagree with a couple of other points. Regarding quantities of 1099's, that is not an issue. Large filers have to send them in electronically, and the IRS scans paper copies in to use. I have been at the facilities, and they currently handle billions of them now. A law like this if implemented will not be a cause of concern for them. The paper is not saved, just the electronic copies which with newer storage systems are not hard to do. The IRS will never say anything about a new law. They are forbidden to talk about legislative matters. They will only be heard when they have draft Instructions for the 2012 filing year available. The important point will be the level of enforcement of this. Like I said, this has currently been law and rarely enforced. If the new law forces them to drill down on enforcement many people will be upset, but the law has been the law for a long time now. People have just gotten used to the idea that they shouldn't have to pay taxes on their gains, like people in the stock market have to. I am not sayign how I feel about it, just what it is. Btw, thanks for the thought I am spying on you, but I am a private citizen who volunteered to help taxpayers get better service from the IRS. In that position, I just interacted with the IRS a lot, so I thought I would share that viewpoint.[/QUOTE]