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Message:: [QUOTE="kaparthy, post: 1019101, member: 57463"]Right.  My mistake.  I got the form numbers mixed up.  The fact remains that the new law changes the language of the IRS rules to require reporting on a 1099 of not just contracted non-employee compensation (i.e. "wages" in plain English) but any goods or services in excess of $600.  That was the change.  Myself, my work I sell for "wages."  For some, I fill out a W-2 which is listed on the annual 1040.  For others, it is 1099. For still others, I declare it myself. Right.  But if you read the IRS Code, a "corporation" is any person who owes tax.  Incorporation is at the state level.  These are federal taxes.  So, they just define it as best they can.  The subject here is buying and selling "junk" silver, i.e., US 90% silver coins and similar.  You might claim that you are just an ordinary person, but according to the IRS, if you owe the tax, then you are a business, by definition.  I agree that it is unenforceable -- as will be the requirement in 2014 that people without health insurance pay a special tax -- but that is not the question.  I am sure that in 1912, a lot of things seemed unenforceable, not the least of which was who drinks a glass of beer.  And yet ... my favorite brand is Elliott Ness from the Great Lakes Brewing Company of Cleveland, Ohio.[/QUOTE]