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Obama Signs Bill Repealing 1099

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Obama Signs Bill Repealing 1099

April 18, 2011

The Senate passed legislation (H.R. 4) that repeals the new Form 1099 reporting requirements. The legislation now goes to President Obama’s desk. Obama has not indicated whether he will sign the bill yet. He supports repealing the requirements but is worried about offsetting the costs.


Update: President Obama signed into law April 14 legislation to repeal new Form 1099 information rules deemed burdensome by businesses of all sizes.