Washington, D.C., April 5, 2011 - Kristie Arslan, Executive Director of the NASE, released the following statement after the U.S. Senate’s vote to repeal the IRS tax reporting requirement:
“With the Senate’s action today, America’s smallest businesses – the self-employed and micro-businesses – have averted a harmful regulation that would have left them facing massive paperwork burdens,” said Arslan. “The expanded 1099 reporting requirement would have hurt small businesses that are already struggling to keep their doors open. The small business community encourages President Obama to sign this important piece of legislation into law and also to remember that there are additional small policy fixes that will further help small businesses stay competitive, such as making the temporary self-employed tax deduction permanent to level the playing field with their larger counterparts.”
In addition to the IRS 1099 issue, NASE and other small business advocates have been fighting to make this year’s temporary self-employed health insurance tax deduction permanent. While every other type of business, including corporations and partnerships, can write off the cost of health coverage as a business expense, our nation’s smallest businesses were only granted a one-year opportunity. Kristie argues this point in her latest Huffington Post blog piece. A recent column by USA TODAY highlights the benefits to small businesses.
About the NASE The National Association for the Self-Employed (NASE) is the nation's leading resource for the self-employed and micro-businesses, bringing a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy. The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's Web site at www.NASE.org.
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Courtesy of NASE.org https://www.nase.org/about-us/media-relations/nase-in-the-news/2011/04/05/NASE_Lauds_Senate_For_1099_Repeal