• Home
    Home We Serve America's Restaurants Representing nearly 500,000 restaurant businesses, we advocate for restaurant and foodservice industry interests and provide tools and systems that help members of all sizes achieve success.
  • Foundation
    Foundation Building & Retaining Talent The NRAEF is focused on developing a stronger workforce and building the next generation of industry leaders through education, scholarships and community engagement.
  • Show
    Show May 18-21, 2019 As the international foodservice marketplace, the National Restaurant Association Show provides unparalleled opportunities for buyers and sellers to come together, conduct business and learn from each other.
  • ServSafe
    ServSafe Minimize Risk. Maximize Protection. For over 40 years, ServSafe® training programs have delivered the knowledge, leadership and protection that have earned the trust and confidence of business leaders everywhere.

National Restaurant Association - 1099 paperwork mandate headed for House vote

Skip to navigation Skip to content

News & Research

Email Print
News RSS

1099 paperwork mandate headed for House vote

Restaurateurs are one step closer to helping repeal a new federal law that requires businesses to file many more 1099 tax forms with the IRS starting in 2012.

The enhanced 1099 information-reporting mandate has generated huge controversy since Congress passed it as part of the health care reform bill last March. Restaurateurs and other business owners say it will drown their operations in paperwork.

Yesterday, the House Ways & Means Committee voted to repeal the additional 1099 reporting -- a critical first step in bringing the measure to the House floor. The Senate voted last month to repeal the new 1099 mandate, but all eyes are on the House because all revenue bills need to start in the House. The House could take up the bill in March.

The mandate requires businesses to use 1099 forms to report all cash/check payments of $600 or more in a year to vendors, contractors and business partners who supply products and services. An NRA member who operates a small restaurant in Arvada, Colo., told the House Small Business Committee this month that he'll be tracking payments to 200 to 300 vendors if the measure takes effect.
There's one major sticking point: Since the 1099 mandate is expected to raise more than $20 billion, lawmakers need to agree whether and how to replace that money if they repeal the mandate. In a sign of the complicated debate on the issue, the House committee yesterday passed two measures: one without any offsetting revenues and a second that pays for 1099 repeal by modifying another part of the health care law.

The NRA continues to press Congress to repeal the new 1099 requirements as soon as possible.

Conserve RSS Healthcare RSS Conserve RSS

▲ Back to Top

We're glad you're here!®

® 2012-2017 National Restaurant Association. All rights reserved.

2055 L St. NW, Suite 700, Washington, DC 20036
(202) 331-5900 | (800) 424-5156