![General-Featured-Image-678](https://library.solari.com/wp-content/uploads/2020/12/General-Featured-Image-678.jpg)
President’s Speech Offers Hope for Some Relief; Exceptions for Rental Income Reporting Remain Vague
For small businesses that were dreading the thought of having to produce a Form 1099 for every payee to which they paid at least $600, President Barack Obama offered the prospect of relief in his State of the Union speech Jan. 25 when he said, “We can start right now by correcting a flaw in the [health care] legislation that has placed an unnecessary bookkeeping burden on small businesses.”
Continue reading the article . . .
Related reading:
Senate Passes 1099 Repeal Amendment
AccountingToday (2 Feb 11)