Tuesday, October 6, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search

Lost & Found

VideoLost: Basset hound mix puppy, goes by the name "Darla," 15272 U.S. Hwy. 87 W, La Vernia. Call Kaitlynn at 210-758-2495.
Found: 2 brindle cows, on Sept. 12, at the end of La Gura Rd. in South Bexar County, located between South Loop 1604 and the San Antonio River, Gillett Rd. on east and Schultz Rd. on the west. Call after 8 p.m., 210-310-9206.

VideoLost/stolen: Shih Tzu named Newton, last seen Sept. 29, from outside our house located by Emmy's. If any information call 830-660-8121 or 830-660-9222.
More Lost & Found ads ›

Help Wanted

Henry Howard Services is accepting applications for QUALIFIED and EXPERIENCED vacuum, end dump and winch truck drivers. Applicants must have a class A CDL with tanker endorsement. Hazmat endorsement preferred but not required. Call 830-569-8144 for more information or pick up an application at 980 Humble Camp Rd, Pleasanton, Texas 78064. 
Caregivers needed. Call 830-431-2389. 
More Help Wanted ads ›

Featured Videos

Video Vault ›
WCN essential oilsWCN printingWCN 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
March 7, 2011, 1:04pm
2,750 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The 1099 rules, unless repealed, would require businesses to report expenditures with virtually any business if more than $600 per year was spent.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 a comment.

Not a subscriber?
Subscriber, but no password?
Forgot password?

Breaking News Archives

Southern Electric
Connally Memorial MC breaking news banner
Malcolm's Custom Welding
Triple R DC Expertsauto chooserDrama KidsAllstate & McBride RealtyHeavenly Touch homeVoncille Bielefeld home

  Copyright © 2007-2015 Wilson County News. All rights reserved. Web development by Drewa Designs.