H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011,” has been signed into law by President Obama. The law retroactively repeals the Form 1099 information reporting rules added by 2010 legislation.
1099′s will continue to be issued to vendors paid $600 or more in the previous year (the new section of the health law passed in 2010 was repealed so forms issued in 2012 will not have more stringent requirements and
Beginning with 2010 tax forms business taxpayers will no longer receive paper tax packages in the mail from the IRS. The tax packages, which contained the forms, schedules, and instructions for filing a paper tax return, are being discontinued because electronic
New federal regulations took effect August 15th which may mean your debit card will be declined if there are insufficient funds in your account to cover the transactions. Contact your financial institution to learn specifically how you will/will not be
The credit card industry has tightened up security standards for all applications that process credit card payments. These standards are referred to as PA-DSS (Payment Application Data Security Standards), and they will be revised on July 1, 2010. One aspect
ALPICE Bookkeeping is compliant with the Personal Protection Regulation 201 CMR 17 Effective March 1, 2010 all businesses regardless of size that own, store, or maintain personal information of Massachusetts residents will be required to comply with the Code of