Beginning in 2012 businesses will be required to report all payments in excess of $600 for services or merchandise to the IRS on form 1099, even payments to corporations. This was slipped into health care reform and is expected to raise $17 billion over the next 10 years (helping health care reform appear more revenue [...]
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I'm a CPA in public practice at a local firm in Council Bluffs, Iowa, specializing in accounting and tax services, looking for solutions that utilize technology to break old barriers.
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