1099 repeal signed by Obama includes rentals

[taxea]

http://www.journalofaccountancy.com/Web/20114071.htm

[luke]

THANKS the rental part "slipped" by me.....

[taxea]

I checked it twice to be sure because I had not heard that it would be included in the repeal. Actually since the reason for the law originally was to catch the cash business cheaters it really surprised me that they repealed it for rentals.

[Black Bart]

1099s Repealed

http://www.journalofaccountancy.com/Web/20114071.htm

Thanks much for the timely post, taxea. I was unaware of this and it's important to some of my clients.