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Under ? 6041 of the Internal Revenue Code (IRC), persons engaged in a trade or business whomake payments totaling at least $600 to another person in a single year are required to file aninformation return (typically a Form 1099) with the Internal Revenue Service (IRS) and toprovide the payee with a copy. For payments made after December 31, 2011, ? 9006 of P.L. 111-148, the Patient Protection and Affordable Care Act (PPACA), expanded the informationreporting requirements contained in IRC ? 6041. Under the amended provision, most payments tocorporations will no longer be exempt from reporting and the types of payments that can triggerthe reporting requirement will include gross proceeds and amounts received by a payee inconsideration for property.