Home > Rental Equipment > Repeal The IRS 1099 Provision of The Health Care Bill?

Repeal The IRS 1099 Provision of The Health Care Bill?

ARA’s vice president for government affairs John McClelland urges you to repeal the IRS 1099 provision.

The much loved August recess is upon us here in the nation’s Capitol and — except for a brief return by the House this past Tuesday to pass yet another spending bill — members of both the House and Senate are at home until Sept. 14. While it is true that some members of Congress will take a brief vacation or participate in a “fact-finding” trip, most will be hard at work campaigning for the upcoming election. That means they actually will be looking for opportunities to see and talk to you, their constituents. While I know there are probably a lot of things on your minds that you would like to say to your senator or representative, I am going to ask you to be single-minded if and when you get an opportunity to have a face-to-face encounter with one or more of your lawmakers: talk to them about the total repeal of the IRS 1099 provision of the health care bill.

Why the IRS 1099 provision of the health care bill needs repeal.

Just in case you have forgotten, one of the provisions — Section 9006 — of the Patient Protection and Affordable Care Act that was signed into law earlier this year requires all businesses to begin issuing IRS 1099 forms to any business that receives goods or services worth more than $600 in a given tax year. Unless this section is repealed, it is estimated that 40 million taxpaying entities will be subject to this provision, which will create an enormous burden on businesses, governments and nonprofit entities throughout the nation. The House has already seen the light on this, but the Senate, where the provision originated, is proving to be harder to convince that the 1099 reporting mandate is just plain bad and a job-killing policy that needs to be relegated to the dustbin of legislative history.

Read Full Article: View from Washington, D.C.: Take action, demand repeal of the 1099 provision

Categories: Rental Equipment
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