President signs 1099 Form Repeal

Thursday, President Obama signed the repeal of the 1099 form tax reporting requirements that was a part of the health-care bill. The provision would have required all businesses to submit the form to any vendor from whom they had purchased goods or services totaling $600 or more in a tax year. You should check with your accountant to see if you qualify to file these forms under the previous requirements.

More Details on Tax Plan Agreement

More details are coming out on the Tax Plan Agreement.  The Detroit News has a break out you can read it by CLICKING HERE.

Good Statewide Resource

The Center for Michigan is a good state-wide resource on the on-going politics, ideas and legislation.  I would encourage you to sign up for the e-newsletter they provide.  Click on CENTER FOR MICHIGAN for more information. — Doug D.

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