1099 Additional Reporting Law Repealed By Pres. Obama

Friday, April 15, 2011

The National Association for the Self-Employed (NASE) is thrilled that President Obama has signed a repeal of the additional reporting requirement regarding Form 1099 passed under the Affordable Care Act. NASE Executive Director Kristie Arslan had these comments after the repeal became law:

"America's smallest businesses - the self-employed and micro-businesses - will benefit the most from this repeal," said Arslan. "For over a year, small business organizations like the NASE have joined forces to raise awareness about the extent of damage this law would have on Main Street shops. We are pleased to see that the President has officially removed the burden from business owners' backs so, come 2012, they won't have to worry about the crushing amount of paperwork the law would have demanded."

SBA Administrator Karen Mills remarked on this historic occasion:

"The SBA and President Obama supported repealing this provision, which would have required businesses to send 1099 forms for all purchases of goods and services over $600 annually. With this bipartisan effort, we have removed a requirement that would have been an undue barrier to small business growth."

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Meet the NASE Staff Bloggers

Kristin Oberlander - In public affairs, my job is to serve as a link between the association, micro-businesses and the media. When I have down time, I enjoy drinking large quantities of coffee, contemplating how I will cram one more pair of (un)needed shoes into my closet and finding creative ways to remove my dog’s hair from my clothes, car, own hair and food. My biggest pet peeve is drivers who don’t understand 4-way stops.

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Molly Nelson - I help out with the NASE’s legislative advocacy, communications, and public relations. From attending hearings on the Hill to helping select the cover design for the member magazine, I’ve always got something new going on. I like practicing yoga, running through different parts of the city, and I’m an admitted etymology/grammar nerd.
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Kristie Arslan - I head up the advocacy efforts for the NASE, thus I spend most of my time on Capitol Hill educating legislators on how key issues such as health care, tax, and the lagging economy affect the self-employed. When I am not running around trying to convince policymakers to pay attention to micro-business, I spend my time singing nursery rhymes to my daughter and helping my husband with his small business.

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