11–20 of 172 posts
Already discussed here in-depth: http://news.ycombinator.com/item?id=1306434 (and about 10 more I don't feel like linking)
Already discussed here in-depth: http://news.ycombinator.com/item?id=1306434 (and about 10 more I don't feel like linking)
A bunch of uninformed whining is hardly in-depth. You'd think you couldn't file these electronically or that people have to create, gasp, invoices for the vast majority of such transactions.
Sounds like a business opportunity to me? Build a specialized service that handles those for mom'n'pops, small businesses, etc?
In any case, the final impact of the law won't be known
until the IRS issues its regulations on the new law,
which aren't expected to arrive until sometime next year.
The IRS has not yet commented on when it will release
regulations or schedule public hearings, and an agency
spokesman was unsure when it will do so.for a less dramatic look at things.
The IRS is accepting comments on this requirement at http://www.irs.gov/newsroom/article/0,,id=225029,00.html
Earlier quoted context omitted.
A bunch of uninformed whining is hardly in-depth. You'd think you couldn't file these electronically or that people have to create, gasp, invoices for the vast majority of such transactions.
Cool so where do I send the 1099 for SAMs club, Office Depot, and the restaurant down the street to? Will you come deal with the reporting discrepancies for me. I'll be getting at least 1000 1099's a year, will you deal with those for me? This is needless bueracratic bullshit to the maximum.