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Thursday, April 28, 2011

Good News for Businesses, Obama signs Repeal of ACA 1099 Mandate

President Obama Signs Repeal of ACA 1099 Mandate

On April 14th, President Obama signed legislation approved by the U.S. Senate, repealing the Internal Revenue Service1099 tax reporting provision of the Affordable Care Act (ACA). The 1099 provision would have required businesses to file an extended 1099 form for payments made for goods and certain services.

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