House moves to end unpopular new business tax rule The Daily Caller - Breaking News, Opinion, Research, and Entertainment
An unpopular tax filing requirement for businesses that was included in the new health care law would be repealed under a bill headed for a vote in the House Thursday.
A provision tucked into the new law would require millions of businesses to file tax forms for every vendor that sells them more than $600 in goods each year, starting in 2012. The requirement is projected to raise nearly $25 billion over the next decade by ensuring that vendors pay their taxes. But lawmakers in both parties say it could create a paperwork nightmare for businesses and the Internal Revenue Service.Read more: http://dailycaller.com/2011/03/03/house-moves-to-repeal-tax-filing-requirement/#ixzz1FYyOGLMQ
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