Yes, the $600.00 limit is there, and transactions for more than that will require a Form 1099. Your CPA is not lying to you. That is old news. There is or was talk about amending (omitting) that specifically, or during a repeal of the whole darn thing, but neither happened and won't happen anytime soon.
Bottom line, your CPA is telling you the truth. It is still very much there. I have to imagine that rates for CPAs will go up this year, if for nothing more than weeding through that alone. CPAs are like you and me and everyone else, they expect to be paid for services rendered, and like you and me and everyone else, they should be.
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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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