New Business Mandate Requires Millions of New 1099 Tax Forms

Stealth IRS Campaign Mandates Businesses to File Millions of New 1099 Tax Forms

The massive expansion of 1099 Tax Forms required to be filed by businesses was hidden in the 2409-page Health Care Reform Bill took many by surprise when it came to light after review of the new Health Care Law. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.

The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year.

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