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Originally Posted by kane
Am I the only one that thought it has been this way for a while? I always thought if you made more than $600 from any one source you had to claim it.
Maybe before it was kind of a guideline and now it will be a hard and fast rule.
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You had to claim it. But now you have to send 1099 to VENDORS. So handymen companies need to send 1099 to Home Depot if they buy a washer or dryer. Or if they go to the same gas station every time, they need to send a 1099 to that gas station, or if they buy a computer from Best Buy they need to send a 1099 to them and so on.
If this isnt job killing I dont know what is. But hey it will lower my health care costs right?
http://www.foxbusiness.com/personal-...th-care-costs/
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A report from the U.S. Centers for Medicare and Medicaid services - or CMS - says health care spending will actually accelerate. The report says spending will rise annually more than 6%-reaching more than $4.5 trillion in 2019
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