Tristan’s Landlord-Tenant Law Blog
Call us: (414) 276-2850
Tristan’s Landlord-Tenant Law Blog
Archive of: 1099's
Repeal of Expanded 1099 Requirements Signed Into Law
Posted by Tristan R. Pettit, Esq. in Legislation, 1099's / Comments
President Obama has officially signed H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011” into law. This new law retroactively repeals prior 1099 reporting rules for landlords that were added by 2010 legislation (i.e. the Small Business Jobs Act of 2010 and the Patient Protection and Affordable Care Act -- better known as Obamacare).Prior to the 2010 legislation, it was generally required that if you were ...
Read MoreU.S. Senate Repeals A Second New 1099 Reporting Law That Would Have Greatly Affected Landlords
Posted by Tristan R. Pettit, Esq. in Legislation, 1099's / Comments
About a week ago I blogged about a new federal law that will require landlords to issue 1099's to any individual or business that provides the landlord with more than $600 in services in any 12 month period. While this new law isn't going away anytime soon, another new federal 1099 reporting law has fortunately been repealed.Included in the new health care reform law known as the Patient Protection and Affordable ...
Read More
