The 1099: A Form of Tyranny
So business owners..... you thought doing your tax reporting was baaaaaaad before....well it just got worse. Here's the latest from the geniuses in Washington. Beginning in 2012, you'll have to keep track of EVERY EXPENDITURE OF $600 and more so you can send a 1099 to that person or business. And remember before you can fill out a 1099 form, you must have the tax ID number and correct address. Yikes! Can you imagine trying to get Costco's tax ID number??! Not to mention Chevron, Wal-Mart, Office Max, and every other Tom, Betty, Fred and Sally that you do business with! I have heard some dumb things...but this one really is the grand champion. This is going to increase the workload of every small business owner in America...and for what purpose? So the IRS can see if we are being honest? Once again, the Democrats have completely missed the boat and are tripping over dollars to pick up dimes. Yes, there are some folks that have "two sets of books" (one