[Hidden-tech] 1099 law update?

[Tom Kopec]

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.