[Hidden-tech] 1099 law update?

[David Korpiewski]

How come I keep getting advertisements like this one which want me to 
sign up for a training class to get to know the law if it was repealed?

http://www.lorman.com/audio-conference/387606?affiliate=businesswatchnetwork&cd=16272:0:1:1:13



On 5/2/2011 3:54 PM, Tom Kopec wrote:
> Repeal was signed into law 4/14/2011.
>
> On 5/2/2011 11:18 AM, David Korpiewski wrote:
>> Hi everyone,
>> As I'm sure most of you know, there is a "hidden" 1099 law that was
>> put into the health care reform act signed by Obama. I have heard that
>> anything over 600 dollars purchased with the intent to write off against
>> taxes needs to be 1099'ed back to the store it was purchased from. So
>> for example buying a laptop computer for 601 dollars from Costco
>> requires that we 1099 Costco at the end of the year.