Individual, Family & Fiduciary Tax

Congress Approves 1099 Repeal Bill But at a Cost to Some Taxpayers

On April 5, 2011, the Senate approved a bill to repeal controversial expanded information reporting on Form 1099 for certain businesses and rental property expense payments. To offset the cost of lost revenues from the repeal, the bill also increases the recapture amount of health care credit overpayments. President Obama is expected to sign the […]