Thursday, April 14, 2011

Repeal of $600 Landlord Reporting Law

Last week Congress passed legislation that repeals a provision enacted in 2010 that required owners of rental properties to track and send out IRS Form 1099 to any person or company that did $600 or more in work on the home.  The 2010 legislation was far over-reaching and would have put a burden on so many people.  The National Association of REALTORS® led the fight to get this law repealed.  For the full article, please click here.

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