Buried in the Health Care Reform….

The Patient Protection and Affordable Care Act (H.R. 3590) Implementation Timeline FINAL

Inside the pdf above is a time line of the various major provisions contained in the “health care reform”, officially known as the “PPACA”.  The biggest surprise is the requirement to file 1099-MISC for payments to EVERYONE and EVERY ENTITY when payments exceed $600, beginning with calendar year 2012.  Congress wants to close the “tax gap” and feels that if everyone reports on everyone else, they will collect more tax revenues to pay for this “health care reform”.