This new requirement, an apparent provision of the healthcare reform legislation, will require you to report both to the IRS and the entity or person to whom you paid any amount more than $600 in a year for goods or services.
I don’t know about you guys, but the record keeping can be a bit daunting for me sometimes. There just never seems to be a perfect system to keep track of everything the government wants. Well, it looks like, they are wanting just one more thing from us. If I did not know better, I would think they were trying to put every small business in America out of business.
According to The American Society of Media Photographers, the IRS has asked for comments on this issue. ASMP has provided a letter for you to send asking them to change this. Click here to find out more about what you can do to fight this.
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