Here comes more Government paperwork for us all!

As reported CNN Money Public Law 111-148, the Health Care Reform Act or Obamacare, contains a number of revenue raising provisions buried in the back of the legislation. Back in Section 9006 of this law the new IRS Form 1099 requirements can be found that will have very serious consequence.

The basic changes to Form 1099 requirements incorporated in this law take effect at the beginning of 2012. They require that all businesses tabulate payments for goods and services from non-governmental agencies and send a 1099 Form to the recipient if the total exceeds $600 for the entire calendar year.

But under the new rules, if a freelance designer buys a new iMac from the Apple Store, they'll have to send Apple a 1099. A laundromat that buys soap each week from a local distributor will have to send the supplier a 1099 at the end of the year tallying up their purchases. If you have a coffee service and you spend over $ 13.00 per week that is another 1099.

More and More paperwork thank your members of Congress that vote for ObamaCare.