November 15, 2010

Meanwhile, Senator Baucus to introduce a bill to kill 1099 filing requirement

The November 12, 2010 NAHU Newswire reports that an employer-based group is pushing back on the restrictions recently place on Flexible Spending Accounts. The recently passed healthcare reform legislation set limitations on the amount of money an individual could set aside pre-tax to spend on medically related items as well as limited the items that are eligible for reimbursement.

Senator Max Baucus (D) Montana has indicated he will introduce legislation to eliminate the 1099 reporting by businesses on purchases over $600. This burden comes at a time when businesses can least afford another labor-intensive mandate. To read more in the November 15, 2010 NAHU Newswire click here.

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