Tag Archives: Senate Finance

Two 1099 Amendments to Receive Vote in Senate

DES PLAINES, IL - MARCH 23:  Various tax forms for 2005 are seen at the Des Plaines Public Library March 23, 2006 in Des Plaines, Illinois. As next month

Two Senate bills to repeal the new 1099 reporting requirements are expected to be voted upon as early as next Monday. Continue reading

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Senator Baucus Calls for 1099 Repeal

Sen. Max Baucus, D-MT, speaks during a news conference to discuss how to improve The Patient Protection and Affordable Care Act, signed into law yesterday by U.S. President Barack Obama, on Capitol Hill in Washington on March 24, 2010.  UPI/Roger L. Wollenberg Photo via Newscom

Senator Max Baucus (D-MT), chair of the Senate Finance Committee, pledged on Friday to introduce legislation that would repeal the expanded 1099 reporting requirement contained in the health care bill, according to the National Journal. The Patient Protection and Affordable … Continue reading

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Schumer Adds Charity Provisions to Extenders Bill

Senator Charles Schumer (D-NY) intends to add another provision to the tax extenders legislation that could further impact charities. The American Jobs, Closing Tax Loopholes, and Preventing Outsourcing Act of 2010 (H.R.4213) already includes an extension of the IRA Charitable … Continue reading

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