IRS 1099 Update

Keeping up with the changes in tax regulation from year to year can be challenging. With rumors regarding what will and won't change, it becomes even more difficult. Don't let these changes intimidate you—benefit from our 1099 training. Sweeping changes were proposed by the IRS in order to close the difference between the amount taxpayers pay and the amount the IRS estimates they should be paying, otherwise known as the "Tax Gap." To the relief of most businesses, the majority of these proposed increases were repealed by the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.