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Congress is trying to repeal the 1099 reporting - The 1099-K Overreach Protection Act

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  • Congress is trying to repeal the 1099 reporting - The 1099-K Overreach Protection Act

    Bill to Limit 1099-K ‘Overreach’ - cohengreve

    The 1099-K Overreach Protection Act

    Congressman Bobby Schilling, R-Ill. and Aaron Schock R-Ill. have introduced a bill, called the 1099-K Overreach Prevention Act, to prohibit the Internal Revenue Service from implementing a new tax-reporting requirement for small businesses to reconcile their reports from outside providers with their own internal reports.
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