IRS Launches First Wave Of Small Business Attacks

Personal Liberty Digest ^ | May 27, 2010 | Dan Pilla

[MWestMom]

Shallow grave. My tomatoe plants flourish. Mum’s the word. ;-).

[foxfield]

This provision was snuck into the ObamaCare law.

Have you heard about the new 1099-K form and the proposed ATM transaction reporting?

The health care law also provides for a new 1099-K form on which all credit card transactions will be reported to the IRS. Also, the finance reform bill, will require banks to report all ATM transactions. Both of these requirements, IMO, are efforts to gather details that can be used to squeeze small businesses and contractors.