Monday, April 27, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

Found: 2 goats on C.R. 434 north of Stockdale, need to find their owners right away. Call to identify, 830-391-1129.

VideoFound: Dog off F.M. 775, brown color, very sweet dog. Call if this is your dog, 830-391-7955.

VideoFound this little guy running across 3432 next to the Homeplace neighborhood. Is he yours? Call 972-824-0733
More Lost & Found ads ›

Help Wanted

Kenedy area construction company seeking CDL driver, equipment operator, and mechanic's helper, will train. Call 830-299-9885.
The Floresville Independent School District is accepting applications for District Wide Transportation Vehicle Mechanic and Mechanic Helper.  Applications may be obtained online at www.fisd.us  Floresville Independent School District Personnel Office is located at 1200 5th St., Floresville, Texas. 830-393-5300 (Office hours: 8:00-4:30). Applications will be accepted until all positions are filled. An Equal Opportunity Employer.
More Help Wanted ads ›

Featured Videos





Video Vault ›
WCN Citizens Forum 5/28/15WCN essential oilsWCN 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
2,572 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The 1099 rules, unless repealed, would require businesses to report expenditures with virtually any business if more than $600 per year was spent.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
Malcom's Custom Welding
Heavenly Touch homeVoncille Bielefeld homeTriple R DC ExpertsAllstate & McBride Realty

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