"why are you people always think bad ... how can be a President b wrong for his country... definitely he had thought some thing good ... he will definitely do some thing for truckers......." Well here is his help!!!!! And now we are going to have this. It was in our "glorious health care bill" IRS 1099 What is the new paperwork mandate? Small business form 1099-MISC and its reporting requirements. The newly expanded reporting mandate, however, takes the current burden to new and unthinkable levels! Section 9006 of the "Patient Protection and Affordable Care Act" (Public Law No. 111-148) mandates that small business owners file a 1099-MISC with the Internal Revenue Service (IRS) for payments made to vendors totaling $600 or more in a tax year. That's right every business transaction totaling $600 or more on an annual basis will now require a 1099. Get ready to track down all those TINs (Taxpayer Identification Numbers)! In turn, small business owners will receive a 1099 from each business that they sold goods or services totaling $600 or more (includes Fuel, parts, repairs. rental cars, motel / hotel rooms and more), which will be used to report such income on their annual tax return. Section 9006 of the new health care law has nothing to do with health reform, affordability or quality coverage. It was inserted into the "Patient Protection and Affordable Care Act" as a way to pay for the massive health care bill. However, there is no clear research or data to substantiate the degree to which expanded 1099 reporting will close the so-called "tax gap." And no one really understands how the federal government will deal with the millions upon millions of 1099 forms that will flood IRS offices! The effects of this burdensome new paperwork mandate on small businesses are quite clear. New headaches, more costs, more time and manpower -- and for what? The expanded 1099-MISC requirement will be a nightmare for small businesses. As the SBA Office of Advocacy has consistently found in its research, small firms are disproportionately impacted by federal regulation - and in the case of tax compliance, these costs are 67 percent higher for small firms than for larger businesses. But for larger businesses, administrative costs and burdens will be staggering as well. Imagine all the 1099s office supply stores will receive from small business owners. Imagine the back-office policies, procedures and new staff they will need to accurately capture and store data from these tens-of-thousands, if not millions, of forms. Do you think their costs will increase? Will our supply prices go higher? Now, imagine the economy-wide impact! What about the potential errors in typing or transcribing nine-number TINS? Dump them all !!!