{"id":17351,"date":"2011-01-22T00:00:00","date_gmt":"2011-01-22T00:00:00","guid":{"rendered":"https:\/\/getirshelp.com\/blog\/lawmakers-call-repeal-irs-rule\/"},"modified":"2026-07-24T22:01:53","modified_gmt":"2026-07-24T22:01:53","slug":"lawmakers-call-repeal-irs-rule","status":"publish","type":"post","link":"https:\/\/getirshelp.com\/blog\/lawmakers-call-repeal-irs-rule\/","title":{"rendered":"Lawmakers Call for Repeal of IRS Rule"},"content":{"rendered":"

There's the version of tax resolution the late-night commercials sell you. Then there's how it actually works. I'm Darrin Mish, a Tampa tax attorney. I've spent 32 years on the inside of these cases. Here's the real version.<\/p>\n

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Last Thursday, three Democrats in the Senate wrote a letter to House Speaker John Boehner urging him to call for a House vote on the 1099 provision set by the IRS. \u00a0The now infamous 1099 provision is a new rule that makes it compulsory for all businesses to submit a 1099 Form to the IRS for all transactions worth $600 or more in one tax year starting from 2012. \u00a0The new law is to close the gap between income that is made and what is actually reported to the IRS currently estimated at $300 billion every year. \u00a0The additional revenue is meant to help fund the government\u2019s new healthcare reform.<\/p>\n<\/div>\n<\/div>\n

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The 1099 form is used to report income for individual workers other than wages and salaries. \u00a0It is given to freelancers and businesses send them out. \u00a0This additional administrative work is viewed by most people as onerous especially to small business owners who might have to employ additional staff to keep track of such transactions and comply with the law.<\/div>\n
The three senators, namely Maria Cantwell, Ben Nelson and Amy Klobuchar, said they \u201care confident that the Senate can quickly act\u201d on the repeal once the House has moved it along. \u00a0In an effort to repeal the IRS provision in the House of Representatives, Republican Rep. Dan Lungren of California introduced a bill called The Small Business Paperwork Mandate Elimination Act 2011.<\/div>\n
In a written statement, Lungren remarked, \u201cThe engine of our economy is small business \u2014 and we cannot afford to do anything that would stall our economic recovery. \u00a0We should be supporting policies that contribute to job growth, not imposing yet another new government mandate on the backs of small business owners.\u201d<\/div>\n
The present move is not the first time efforts have been made to repeal the provision. \u00a0Two other attempts at doing so have been carried out, once in September and another time in November last year but to no avail. \u00a0Both times Congress failed to muster enough votes. \u00a0According to an estimate from the Joint Committee on Taxation, a repeal of the provision would cost about $19.2 billion between 2011 and 2020.<\/div>\n<\/div>\n<\/div>\n

Check out more Tax Related News<\/a> stories by clicking that link.<\/p>\n

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There's the version of tax resolution the late-night commercials sell you. Then there's how it actually works. I'm Darrin Mish, a Tampa tax attorney. I've spent 32 years on the inside of these cases. Here's the real version. Last Thursday, three Democrats in the Senate wrote a letter to House Speaker John Boehner urging him […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[591],"tags":[],"class_list":["post-17351","post","type-post","status-publish","format-standard","hentry","category-irs-news"],"_links":{"self":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/17351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/comments?post=17351"}],"version-history":[{"count":1,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/17351\/revisions"}],"predecessor-version":[{"id":21896,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/posts\/17351\/revisions\/21896"}],"wp:attachment":[{"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/media?parent=17351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/categories?post=17351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getirshelp.com\/blog\/wp-json\/wp\/v2\/tags?post=17351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}