Archive for nancy pelosi
Stealth IRS changes mean millions of new tax forms
By Neil deMause, contributing writerMay 21, 2010: 1:51 PM ET
NEW YORK (CNNMoney.com) — The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month.
All business payments or purchases that exceed $600 in a calendar year will need to be accompanied by a 1099 filing. That means obtaining the taxpayer ID number of the individual or corporation you’re making the payment to — even if it’s a giant retailer like Staples or Best Buy — at the time of the transaction, or else facing IRS penalties.
In essence, the 1099-Misc is having its role changed from a form for tracking off-payroll employment to one that must accompany virtually any sizeable business transaction.
How did this sweeping provision end up hidden in the health reform bill? No one is willing to take credit for introducing the new legislation, which appeared in the Senate Finance Committee’s version of the health bill last fall. Committee chairs Don Baucus, D-Mont., and Chuck Grassley, R-Iowa, both referred calls to committee staffers, who wouldn’t comment on the record.
Cindy Sheehan for Congress
It’s time to send our own statement to the Speaker: Nancy, you’re fired! The American people elected a new Congress to bring the troops home and instead all they’ve given us are excuses. Let’s get it right this time and work for a candidate that will make a real difference, Cindy Sheehan. Newsweek magazine thinks we can do it! Click here to read the article published online last week by Newsweek about Cindy’s challenge to Pelosi.
Help us keep our momentum going and kick off our new fundraising campaign to “86 Pelosi.” Our campaign is averaging $86.00 per donation and like the origin of the saying that refers to a famous speakeasy in New York City taking people out the back door on 86 Bedford street to avoid the cops during prohibition, we’re going to show Nancy the door this November. We need 1,000 supporters to send us $86.00 today so that we can get our message out to the voters of San Francisco. Every donation to Cindy’s campaign has come from individuals wanting a change