Incredible!

By
Home Inspector with Capital City Inspections TREC #7290

This is absolutely mind boggling! Those of us with small businesses will be inundated with paperwork. Simply put, not only will you continue receiving 1099's but starting in 2012 you will have to send one to anyone (anyone!) you spend more than $600 with. Yep, better start getting Tax ID's and corporate addresses for Target, Best Buy, Lowe's, etc. Nancy Pelosi was right....we did need to get the HealthCare bill passed in order to see what was in it.

Read the CNN article here.

Comments (3)

Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and evenin to ya Michael

This just one of the things that the Democrats hid with in the HealthCare bill. Theres a whole lot more thats go-en affect Real Estate even. Like folks are go-en to endup haven to have a Energy Efficient li8cense on their home, in order to put it on the market to sale it.

I'll let Carl know about your new blog post. He's mighty busy right now. it mighty be a few days before he can get by.

Have a good one
Dale

May 25, 2010 01:50 PM
Carl Winters
Canyon Lake, TX

Michael: I apologize for not getting by sooner but just now getting back to a normal routine. I had heard something about this ... like everyone else I am very disgusted with some of these things. I imagine we will have many more surprises. This machine is moving so fast folks just can not keep up. As always thank you for your  updates. Hope you are doing well.

May 26, 2010 02:30 PM
Andy Chaudoir
Professional Inspection Services - Georgetown, Texas - Georgetown, TX
Your Home Inspection Connection in Central Texas

Hello Michael - Thanks for the information.  I had no idea this was part of the Healthcare Bill.  I am afraid to see what else is in there.

Jun 10, 2010 01:02 AM