The 1099 provision of  ObamaCare,  scheduled to begin in 2012,  was intended to help the IRS generate an additonal $17 billion in uncollected taxes.  The provision required that businesses report to the IRS annual purchases from any contractor above $600. The provision targeted 40 million businesses and others such as churches, charitable groups.  Imagine the processing of 1099s for every  vendor your company has spent $600 or more with. Yesterday the Senate voted to repeal the1099 provision of ObamaCare.  Read More