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Repealing the 1099 nonsense !
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<p>[QUOTE="900fine, post: 1034896, member: 6036"]<a href="http://money.cnn.com/2010/11/12/smallbusiness/baucus_1099_repeal/index.htm?source=cnn_bin&hpt=Sbin" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://money.cnn.com/2010/11/12/smallbusiness/baucus_1099_repeal/index.htm?source=cnn_bin&hpt=Sbin" rel="nofollow">http://money.cnn.com/2010/11/12/smallbusiness/baucus_1099_repeal/index.htm?source=cnn_bin&hpt=Sbin</a></p><p><br /></p><p>I had to post this since it is SO relevant to the business side of coin collecting. I know it's hard to keep the politics out of this; let's just avoid partisan party politics and stick to the issue. I am NOT trying to stir up a fire ant's bed here.</p><p><br /></p><p>Basically, a measure was induced last year to require small businesses to track ALL purchases from ALL customers and report 1099 forms when a customer's annual total exceeded $600. This caused a FIRESTORM of intense reaction amongst many coin dealers. :devil: <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /> :devil: <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /> :devil:</p><p><br /></p><p>I have heard the issue come up many times and have never heard one good thing about it. Now, it appears it will be repealed THANK YOU GOD.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 1034896, member: 6036"][url]http://money.cnn.com/2010/11/12/smallbusiness/baucus_1099_repeal/index.htm?source=cnn_bin&hpt=Sbin[/url] I had to post this since it is SO relevant to the business side of coin collecting. I know it's hard to keep the politics out of this; let's just avoid partisan party politics and stick to the issue. I am NOT trying to stir up a fire ant's bed here. Basically, a measure was induced last year to require small businesses to track ALL purchases from ALL customers and report 1099 forms when a customer's annual total exceeded $600. This caused a FIRESTORM of intense reaction amongst many coin dealers. :devil: :mad: :devil: :mad: :devil: I have heard the issue come up many times and have never heard one good thing about it. Now, it appears it will be repealed THANK YOU GOD.[/QUOTE]
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Repealing the 1099 nonsense !
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