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 - Restoring a John Deere 2010 Diesel Tractor - by Jim Nielsen. Following seven years working in California's Silicon Valley, my wife, baby son and I moved back to Australia to retire. We bought a small 'farm' of about 50 acres near Bendigo, in the state of Victoria. I soon found that it would be very useful to have a tractor around the place for things such as grading our long drive and brush-hogging the fields. I was also embarking on planting 1000 eucalyptus trees, and hence I would need a ripper, small disk plow, sprayer etc. to get these things accompli
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