blog updates

Follow KSM
Search

KSM blog

KSM Blog | Katz, Sapper & Miller CPA

More from the Healthcare Reform Bill - New 1099 Requirements: Corporations Not Exempt from Reporting

Posted 2:06 PM by

An interesting bit of the Healthcare Reform Bill received some publicity this week in a Boston.com article. The key news is that corporations will no longer be exempt from 1099 reporting requirements.  This change is effective for transactions beginning January 1, 2012. 

This will no doubt be an administrative burden upon implementation and surely gives the IRS more tools to track the underreporting of income. 

This is another small, but important requirement for healthcare accounting / healthcare tax compliance personnel.  The onion that is the Healthcare Reform Bill continues to unfold.

About Us
Katz, Sapper & Miller’s Healthcare Resources Group serves healthcare providers, including physicians, hospitals and health systems, surgery centers, and long-term care facilities. Our team of healthcare professionals has the scope and depth to meet client needs. Learn more.

link
Comments (0)
Post a Comment
Name:
Email: (Not Displayed)
Website: (optional)
Comment (HTML tags will be stripped):
Please type the alpha-numeric code above (case sensitive):
Error