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<p>[QUOTE=&quot;GDJMSP, post: 953427, member: 112&quot;]I am not going to repeat the entire 20-30 page thread that wa son this subject a couple of weeks ago. I will just say this - instead of reading 1 single clause, you need to go and read the entire section of the law.</p><p><br /></p><p>First of all, the law only applies to those who perform a service (do work) for somebody. The $600 amount has bene the same for years. The only thing the changes affect are the methods of paynment. Before there was loophole allowing somebody to be paid for their work in a certain way and not have to report it. Now that loophole is closed.</p><p><br /></p><p>This change to the law is not going to affect you, coin dealers, or anybody else who was not already giving out 1099&#039;s.</p><p><br /></p><p>In a nutshell - this is much ado, about nothing.[/QUOTE]</p><p><br /></p>

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