National Taxpayer Advocate Slams New 1099 Rules
Jul 20th, 2010 | By Dawn Rivers | Category: PodcastsEverybody else is complaining about those new reporting requirement and the burden they’re going to impose on small businesses. Why should Nina Olsen be any different?
Nina Olsen, in case you didn’t know, is the National Taxpayer Advocate. A few years ago, when she named the tax gap as the top taxpayer challenge for fiscal 2004 and simultaneously nailed Schedule C filers as an entire class of tax cheats, she seemed like Microbusiness Public Enemy #1.
This year, she is letting everybody know that those new 1099 reporting requirements are absurd. So, now, it’s more like We Love Nina, right?
Besides taxes, there’s more political gyrations around what Congress can and should be and will do for small businesses and whether, as usual, all of that will turn out to be useless for microbusinesses.
There’s new numbers out this week, as well, and another edition of Policy Matters.
For more information:
- FY2010 National Taxpayer Advocate Report To Congress (PDF)
- Senators Reid, Landrieu Join SBA Administrator Mills To Discuss Support for Small Business
- U.S. Census Bureau: Survey of Business Owners
- Microbusiness Conversations
