Real Estate Investors make the 1099 Hit List

On September 27, President Obama signed the Small Business Jobs Act of 2010. While the Act focuses on expanding credit for small business, it also includes a provision that applies to rental real estate investors. Beginning with payments made after December 31, 2010, now they have to file 1099s for service providers just as if they were engaged in a trade or business.

This late arriving provison to the Small Business Jobs Act is quite bewildering since many Democratic lawmakers had been paying lip service to stripping the 1099 provision applied to businesses by the Health Care Reform Act.

About this Author 

John Beidle is an enrolled agent who specializes in helping entrepreneurs, small business owners and real estate investors pay the least amount of tax as legally possible.

About The Author

John Beidle

John Beidle is an enrolled agent who specializes in helping entrepreneurs, small business owners and real estate investors pay the least amount of tax as legally possible.

1 Comment

  • Robinson

    November 17, 2011

    I could read a book about this without finidng such real-world approaches!