House of Representatives Passes IRS 1099 Law Repeal

March 9th, 2011

In early February, I shared about a new IRS law that would effect those who own rental properties, where a 1099 would have to be given to anyone who worked on that property if the total amount of work they did was over $600 over any year. The U.S. House of Representatives voted to repeal [...]

New IRS Rental Property Law 2011

February 3rd, 2011

The IRS has issued a new law for rental property owners who have work done on their house over $600. This is part of the Small Business Jobs Act of 2010 (Law H.R. 5297), which expanded the law from multiple family units to individual owners. They are now considered to be conducting a trade or [...]

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