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AICPA Steps up Advocacy as 1099 Rules on Rental Property Kick In (Jan. 1) - Emil Estafanous, CPA : Emil Estafanous, CPA

AICPA Steps adult Advocacy as 1099 Rules on Rental Property Kick In (Jan. 1)

“The unusual weight placed on people in this proceed distant outweighs any intensity benefit,” Patricia Thompson, Chair of a Tax Executive Committee, commented in created testimony to a House Ways and Means Committee per  the new 1099 stating requirements.   There is also a weight on practitioners to establish how a manners will request so they can advise their clients accordingly.  In a minute to a Treasury Department, AICPA suggests that Treasury explain issues such as either taxpayers  need to news payments for services achieved usually while a skill was actively rented.

Related article: New 1099 Rules: President’s Speech Offers Hope for Some Relief; Exceptions for Rental Income Reporting Remain Vague

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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