1099 Tax Forms Hell: New IRS Mandate For Your Business

If the socialized medicine wasn’t enough of a kick in the teeth for entrepreneurs, just wait until you get to file IRS 1099 tax forms all of the time.

Yes, that’s right. Obamacare amended the Internal Revenue Code ( IRC 6041 ) for biz deals absolutely unrelated to health care.

The new law will require getting info from your vendors of goods and services you pay more than 600 bucks in a year and issuing IRS 1099 forms to them plus reporting the payments to the IRS.

This ridiculous expansion appears to cover biz computer purchases, paying freelancers to do web design, and a million other things small business owners pay for online and offline.

Don’t just take my word for it. You can Google the issue. Or, if  you want a great summary of it, check out Chris Edwards’ blog post Costly IRS Mandate Slipped into Health Bill.

Be sure to huddle with your business lawyer and accountant to minimize your tax burden…and vote to throw the bums out of office who passed this piece of garbage into law. Remember that the IRS had nothing to do with this travesty. It got dumped on the agency by Congress and the President.

Share

Internet Informant: White House Wants You To Be A Government Snitch

informantIf you oppose government-run health care in an e-mail or on a website, the U.S. government wants to know it.

When your cyber-friends discover that you ratted them out, will you be able to enter the Witness Protection Program? Or will it be a moot point because those you snitched on get sent to re-education camps? Ridiculous? Not if the most powerful man in the United States is asking people internet-privacyto do their patriotic duty by reporting dissidents. This is a program that the governments in China, Iran, North Korea, Cuba, and Venezuela would be proud of…Of course, they already use the informant system to identify and hunt down dissidents.

This is not about health care. It is a First Amendment free speech issue. If you cannot disagree with the President of the United States in an e-mail or in a forum without being reported to the government for it, then the Bill of Rights means nothing. And if you agree with the President on healthcare, what happens on the next issue that you happen to disagree with him?

Anyone who wants to report this post should e-mail flag@whitehouse.gov.

Just remember…you could be next. And if you’re ‘lucky,’ you’ll get listed in the Who’s a Rat database.

Hat tip: Red State

Share

Free! Get Internet legal and marketing updates plus 3 chapters of the #1 Internet legal protection book for business website owners. Over 40 pages packed with strategies you can use to protect yourself without a lawyer.