Title Companies Still Face New 1099 Reporting Requirements in 2012

January 20, 2011

With a repeal of the health care reform unlikely, a section of the legislation will require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year beginning in 2012. Read on to learn how title companies that make non-credit card purchases of more than $600 will be impacted.

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