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Tax proposal sparks 1099 reporting overhaul for vendors
A new health care law provision would require about 38 million businesses charities and tax-exempt groups to file 1099s for goods bought over 600. Republicans and Democrats debate repeal with a $19 billion revenue impact over a decade and a vote anticipated before summer recess.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S
Internal Revenue Service
IRS
National Taxpayer Advocate
Advocate
Scott Murphy
D-N.y