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Message:: [QUOTE="Hobo, post: 1048619, member: 11521"]gary, I think you misunderstand. The law is not only for health care expenditures. (Not sure where you got that. The law is part of the massive health care program but it applies to ALL businesses for ALL cumulative expenditures of $600 or more.) Quoting from the referenced article:    Every business is required to file a 1099 for EVERY business or individual (that includes YOU) to whom they pay $600 or more in a year for any and all goods and services. That means if you sell coins to a coin dealer for $200 the dealer must keep a record of that payment. If you sell the dealer more coins a couple of months later for $350 he must keep a record of that payment. If you sell him more coins later that year for $100 he must file a 1099 reporting payment to you of $650. The IRS will expect you to report that $650 of income and if you don't you may attract their attention. (It will be YOUR responsibility to prove the entire $650 was not income.)  The paperwork and recordkeeping will be onerous and counterproductive but the federal government needs every cent they can get to pay for this massive health care program. It is not the concern of the federal government that businesses and individuals will spend more to comply with the law (in recordkeeping) than the government will raise in additional taxes. That is how the system works.[/QUOTE]