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The ultimate guide to tax updates, reviewed and rated by accounting professionals. Includes hot topics and updates by Tax Analysts.

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IRS Requests Input on New Information Reporting

The Internal Revenue Service today invited public comment on how to most effectively carry out a law change that, starting in 2012, will require businesses to report a wider range of payments to contractors, vendors and others, usually on Form 1099. The deadline for comment is Sept. 29, 2010.

http://www.irs.gov/newsroom/article/0,,id=225029,00.html

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