GOP'er Blasts IRS For Silence On Healthcare Tax Provision

After ongoing efforts to gain insight into the 1099 provision included in the health care reform legislation, Rep. Sam Graves (R-Mo.) released a statement expressing his discontent with the IRS’ refusal to respond to repeated inquiries by members of the House Small Business Committee.

“I am extremely disappointed by the IRS’s ongoing refusal to help employers understand the impact of this hefty requirement. The questions and confusion surrounding the 1099 reporting rule have stalled small business growth in America. Entrepreneurs are unable to plan for the future, expand their operations or hire new employees for fear that this mandate could force them to dramatically change the way they do business.  In these difficult economic times, increasing uncertainty for our nation’s greatest job creators is the worst thing we can do.”

This mandate requires every business to file a 1099 form for each purchase of goods or services of $600 or more per year from another entity.