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SingleSource News & Updates

1099 Requirements

Donald Dymer

It appears there may be confusion amongst  us concerning the requirements for the submission of Form 1099 to vendors.  The 2010 Patient Protection and Affordable Care Act and the 2010 Small Business Jobs Act made new rules that meant we would be sending 1099’s to everyone and his dog.

However The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 REPEALS THEM  and it is retroactive maintaining the old Status Quo that 1099’s are NOT required for payments to bona fide companies and are only needed for payments of over $600 to others.

News & Events
SingleSource Is Now a Service Offering of ClearStar, Inc.
October 12-14 Single Source at National HCAOA Conference, Kansas City
""Again, thanks for the help. You have a great service.""

Rick Cain - Deputy Director
St. Augustine Lighthouse and Museum, Inc.
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