Waiting on the Bill

Senator Durbin hasn’t introduced his national sales tax bill–his Main Street Fairness Act, which would allow states to charge sales tax on companies without a physical presence in the state–but the debate over sales tax continues to rise.  Two states, Arizona and California, are now considering affiliate tax bills, like those already in effect in…

New Developments on 1099 Repeal

In mid-February the Senate attached an amendment to the FAA Air Modernization and Safety Improvement Act that would repeal Sec. 9006 of the Patient Protection and Affordable Care Act, the section of that act which increased 1099 reporting requirements.  Yesterday the House passed H.R. 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidiary…