Yes, its in the bill, this provision will create a mind boggling amount of paperwork for taxpayers and will be impossible to manage for the IRS. Probably result in less tax collected overall, people get away with all kinds of tax avoidance scams now because the IRS can't possibly scrutinize every return or enforce all of the rules. Tax forms after 2010 are supposed to include a schedule that individuals will use to itemize business purchases made from box stores, the internet, etc., such as the printer from wal-mart. An individual will still be liable to 1099 every service provider the business uses. Another nail in the coffin of small operators.
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Today's Featured Article - Reflections of the Fifties - by "Country" Elliott. I remember rowing up in the 1950�s in a small, rural town in northwestern New Jersey. The closest town to ours was only 3 miles away, and there were seven dairy farms in the areas of these two country towns. We had 5 acres, and because my Dad was a salesman and not a dairy farmer, he let the Bockovens, who owned the Willow Tree Dairy farm most of our land.
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