Thursday, November 27, 2014
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

If you are missing a pet in Floresville, be sure to check the Floresville holding facility. Animals are only kept for 3 days. Contact Las Lomas K-9 Rescue, 830-581-8041.
Found: Large brown and white male, very friendly family dog, rescued on 1604 between La Vernia Rd. and I-10. 210-218-1901.
Found: 1 gold hoop earring and sterling silver ring at garage sale, 3 miles Hwy. 97 West, on Fri.-Sat., Nov 7-8. Call with detailed description to retrieve, 210-287-2436.
More Lost & Found ads ›

Help Wanted

Tommy's Paint and Body Shop in Poth is seeking to hire paint and body workers with some experience. Apply in person at 1115 Railroad St., Poth.
FT Registered Dental Assistant (35-40 hours/week) for busy Wilson County dental practice, experience required, salary commensurate with experience. Submit resumes by fax to 210-428-6470.
More Help Wanted ads ›

Featured Videos





Video Vault ›
WCN essential oilsWCN border security forum 10/30/14WCN your news your way subscribe

Breaking News


NNA applauds house action to roll back 1099 reporting rule




E-Mail this Story to a Friend
Print this Story
Contributed
March 7, 2011, 1:04pm
2,527 views | Post a comment

The National Newspaper Association today applauded a 314-112 vote in the U.S. House of Representatives to roll back onerous new tax reporting requirements. NNA President Elizabeth K. Parker, co-publisher of Recorder Community Newspapers Inc. in Stirling, NJ, said the vote was a step forward.

The House approved H.R. 4, sponsored by Rep. Daniel Lungren, R-CA, to restore requirements for tax form 1099 that were in place before the health care reform legislation dramatically ramped up the reporting rules.

Parker said, “The House recognized that this new burden on small businesses during the nascent economic recovery would add costs at the wrong time, deplete jobs and increase the paperwork both in our businesses and at the Internal Revenue Service. Congress wisely revisited that issue today, and restored business to a common-sense requirement.”

The 1099 rules, unless repealed, would require businesses to report expenditures with virtually any business if more than $600 per year was spent. Streams of new paperwork have already begun in American commerce as large corporations have begun to push out requests for tax identification numbers, in an effort to be ready for compliance with the new rule by 2012. The original rationale behind increased reporting was to collect tax revenue from scofflaws. But Parker noted that even IRS had admitted that the flood of paperwork about to flow into the agency would be unmanageable.

Though the Senate has also voted to roll back the new requirements, the House and Senate bills do not match in the manner by which Congress would off-set the revenue it expected to get from new 1099 reporting. The White House has said it opposes the House bill’s method of paying for the roll-back.

Parker urged the Senate to pass HR 4 and send the repeal bill to the President as soon as possible, and said she hoped President Obama would quickly sign the legislation.

“The compliance cost for the 1099 ramp-up has already hit small businesses. We need prompt action to turn this effort off before even more money is lost,” she said.
 


Your Opinions and Comments

Be the first to comment on this story!

You must be logged in to post comments:



Other Breaking News

Connally Memorial MC breaking news banner
omaha-steaks-banner-ads

East Central Driving SchoolBlue Moon Karaoke & DJTriple R DC ExpertsChester WilsonHeavenly Touch homeAllstate & McBride RealtyVoncille Bielefeld home

  Copyright © 2007-2014 Wilson County News. All rights reserved. Web development by Drewa Designs.