SOSMass

Save Our State of Massachusetts

repeal 1099 Reporting Requirement

Massachusetts laws and courts already make being a landlord in this state trecherous, and don’t kid yourselves that it does not adversely affect even the best of tenants when the bad tenants can do virtually anything to destroy landlords and their properties, with the courts’ blessings and support. 

Much needs to be done through our legislators to stop the abuse of landlords, but the issue below should have widespread appeal as all of us are adversely affected by legislation that makes it almost impossible to own and run any kind of business.  While the following appeals to landlords, please pass this on to other landlords to participate, and the rest of us need to rally for the sake of our economy as this impacts all businesses, which in turn, affects ALL OF US.

Our chance to repeal 1099 reporting requirement !!!   

Congress to vote on 1099 repeal bill

We just learned that the U.S. House of Representatives is going to debate a bill (H.R. 705) that will repeal the 1099 reporting requirement for landlords.

This is a stunning development. It would save us hours and hours of work collecting information from the people we hire to do work on our rental property, keeping records of all our payments to them, and then filling in and sending out the IRS’s 1099 income tax forms to the IRS and each one of our contractors.

Finally, someone has realized that the reporting requirement will be a huge burden on small landlords. Many will not comply and will be in violation of the law and subject to stiff penalties imposed by the IRS.

We need this bill to pass in the U.S. House of Representatives and in the U.S. Senate. Then President Obama needs to sign it.

Time to write to our U.S. Congressmen

Our goal: Repeal of 1099 reporting requirement

Now is the time to call, email or write your U.S.Representative (first), your U.S. Senator (second) and President Obama (third).   See instructions below.

To contact your U.S. Senators and Representative, go to www.wheredoivotema.com. Enter your legal residential address. You will get a list of elected officials. You are looking for your two Senators, who are statewide officials – call or write to them both. And you are looking for your Congressional Representative, who represents your particular electoral district. Click on their names to get their contact information.

To write the President, address your letter to: The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500. Or call him: 202-456-1111. Or go to this website to email: www.whitehouse.gov/contact.

What to say to them     Mention the bill number: H.R. 705

Identify the bill you want them to support: H.R. 705. Tell them that this bill would repeal the 1099 reporting requirement for landlords passed last year as part of the Small Business Jobs Act of 2010. Then explain in your own words why you want them to support repeal of the 1099 reporting requirement for landlords (rental property owners).

Here are some things you can say:  The bill would repeal a recent new law that imposes very heavy paperwork requirements on landlords. The paperwork requirements will make it especially hard for small landlords to comply with the law.

Many small rental property owners will not comply and will be subject to stiff penalties imposed by the IRS.

The impact will be to push small owners completely out of the rental property business, and make rental housing owned only by large absentee landlords. It will destroy local neighborhoods where small landlords are a key source of stability and community.

It is not right to have a law, which because it is so hard to comply with, will turn so many small rental property owners into outlaws.

Action is how we will succeed!   Please join us in this effort.

Together we will win!                     Lenore Schloming, SPOA President, spoa@spoa.com

Contact Information   

email: skore@comcast.net          web: http://www.spoa.com

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One comment on “repeal 1099 Reporting Requirement

  1. Pingback: 1099 Repeal Passes House | Small Business Beat

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