A Paperwork Avalanche Is Heading Our Way!

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(by - September 01, 2010)

A Paperwork Avalanche Is Heading Our Way!

A critical vote is set for September 14th!

Publishers: Here's the Bottom Line -- There was a provision tucked into the Healthcare Act that will require 1099s to be filed on all biz-to-biz transactions of $600 or more for the year beginning Jan. 1st, 2012. The nightmare: Running accounting reports, sending & responding to requests for Tax-Id #'s, then sending, receiving & filing 1099s...could cost even the smallest of publications thousands in labor, stationery and postage.

Please contact your senator via email, fax or a phone call today! They need to hear how much this provision will hurt us.

Senator Contact Link: http://www.senate.gov/general/contact_information/senators_cfm.cfm

If you'd like to call here is a sample phone script:

I am a constituent, a (small) business person, and publisher/manager of ___. I'm calling to urge Senator ___ to vote for the full repeal of the extraordinary new 1099 reporting requirements passed in Section 9006 earlier this year. Speaking for my publication -- as well as for all of our small business advertisers -- we simply do not have the excess of time, energy or money needed to comply with new IRS reporting on all business-to-business transactions totaling only $600 a year. (This paperwork goose chase will cost our paper, alone, over ___ to comply with.) The flood of frivolous paperwork and associated costs will do serious damage to our local economy, and it needs to be stopped before the waves crash. Please support Senator Johanns' Small Business Paperwork Mandate Elimination Amendment (Senate Amendment 4596) to the Small Business Jobs and Credit Act (H.R. 5297) when it comes up for a vote on September 14th.

A quick call, having your voice heard by your Senators' staff on this important issue, would be the surest and fastest way to help get this 1099 nightmare repealed. If you'd rather fax or email, that's great, too (keep in mind that sending USPS can still take weeks, post-9/11 screening still in effect). Feel free to copy & paste from the sample above.

It is time to act! If you have any questions at all, please contact me

Dick Colvin

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