By Jami Jones, Land Line senior editor
Opposition to the newly enacted IRS Form 1099 requirement continues to try and find a way to repeal the provision before it kicks in next year.
?The 1099 provision doesn?t go into place until 2012, so time is of the essence in getting Congress to repeal this requirement before it ever goes into effect,? said OOIDA Director of Legislative Affairs Mike Joyce.
For truckers, the provision could mean filing an IRS Form 1099 for every business and service provider where they spend $600 or more annually.
Rep. Dan Lungren, R-CA, has introduced a bill House of Representatives that would fully repeal the provision. The bill, HR4, currently has 245 cosponsors and has been sent to the House of Ways and Means Committee.
Sen. Mike Johanns, R-NE, is planning to introduce a similar bill in the Senate when it reconvenes next week.
?It?s important for OOIDA members to continue to do outreach to their members of the House and two members of the Senate. Now that the new Congress is in, we have a whole new set of lawmakers to impress their opinions on.?
?For truckers, however, we just want it repealed.?
Copyright © 2011 OOIDA