Monday, February 14, 2011

U.S. Senate Passes 1099 Repeal- The NonProfit Times Feb 14, 2011

U.S. Senate Passes 1099 Repeal- The NonProfit Times Feb 14, 2011: "Amid all the bad news charities are getting lately, there is a glimmer of hope -- at least for the accounting departments. The U.S. Senate this past Wednesday approved an amendment that would repeal a measure that would require nonprofits to file a Form 1099 for any vendor with which they spend more than $600. The new rule is set to take effect in January 2012."

No comments: