New 1099 Requirements, Submit Comments to the IRS

By now you have probably heard about the bill that will require businesses and sole proprietors to file 1099-Misc forms every time they spend $600 or more, even if it means sending a 1099-Misc form to Office Depot.

The good news here is that IRS is requesting that businesses and sole proprietors affected by this bill submit comments. We live in a democracy and this is democracy at its best because if enough people complain, there might be a solution to this burdensome requirement.

Here are the 3 ways you can submit comments to the IRS:

E-mail: Notice.Comments@irscounsel.treas.gov. Include “Notice 2010-51″ in the subject line.
Mail: Internal Revenue Service, CC:PA:LPD:PR ( Notice 2010-51), Room 5203, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.
Hand deliver: CC:PA:LPD:PR ( Notice 2010-51), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC, between 8 a.m. and 4 p.m., Monday through Friday.

The deadline to submit comments is Sept. 29, 2010.

Since most businesses might not know that there is a recourse to the new 1099 requirement, please share this post with other small business owners so that together we can avoid spending time fulfilling IRS requirements and concentrate more time in running and growing our businesses.