Has anyone dealt with the 1099, $600.00 reporting rule yet ?

[Down1]

Just curious if anyone has been asked for their SS# and such for doing $600.00 worth of business ?
Or are you avoiding doing $600.00 worth of business with any one company ?

[Serpo]

Excuse me sir but what is the bill ...why its 599$ mam....

[Ares]

My dealer said he wouldn't do it, would just close up shop and go underground before he complies to that "bullshit rule."

[Buster]

I was under the impression that the 1099 rule took effect in 2012. ???

[Down1]

I was under the impression that the 1099 rule took effect in 2012. ???

I don't know myself.

[uncletonoose]

The rule goes into effect in 2012

http://www.inc.com/news/articles/2010/09/small-businesses-rally-to-fight-1099-rule.html

[platinumdude]

I heard its only for b2b, and not an individual buying or selling gold.

[Ponce]

Who cares, by the end of this year most people won't have $600.00 to their name.

[mick silver]

but ponce they keep telling us ever thing is better . spent till you cant

[Apparition]

I've read that there's some bi-partisan effort to repeal that specific requirement but only time will tell if it'll actually be repealed.