7/16/10

The IRS invites your comments on proposed changes to 1099 reporting requirements that will affect all businesses and tax-exempt organizations, including school districts.  The new requirement would require all businesses and tax-exempt organizations to issue a Form 1099 to ALL vendors from whom they buy goods totaling $600 or more annually.  For example, numerous small purchases of office supplies during a calendar year from a local vendor that total at least $600 would trigger the proposed requirement to issue a Form 1099 showing the exact amount of total purchases.  School officials have stated the proposed 1099 reporting requirement will create significant administrative burdens.   

Comments to the IRS on the 1099 reporting requirement are due Sept. 29. 

Comments can be sent electronically to This e-mail address is being protected from spambots. You need JavaScript enabled to view it . 

Please refer to the IRS Notice for more information: http://www.irs.gov/pub/irs-drop/n-10-51.pdf.