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Landlord: Let us join battle to repeal 1099 reporting requirement

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匿名  发表于 2011-2-28 13:20:43 |阅读模式
Our chance to repeal 1099 reporting requirement !!!


Congress to vote on 1099 repeal bill


We just learned that the U.S. House of Representatives is going to debate a bill (H.R. 705) that will repeal the 1099 reporting requirement for landlords.

This is a stunning development. It would save us hours and hours of work collecting information from the people we hire to do work on our rental property, keeping records of all our payments to them, and then filling in and sending out the IRS's 1099 income tax forms to the IRS and each one of our contractors.

Finally, someone has realized that the reporting requirement will be a huge burden on small landlords. Many will not comply and will be in violation of the law and subject to stiff penalties imposed by the IRS.

We need this bill to pass in the U.S. House of Representatives and in the U.S. Senate. Then President Obama needs to sign it.

Time to write to our U.S. Congressmen


  

Our goal: Repeal of 1099 reporting requirement


Now is the time to call, email or write your U.S.Representative (first), your U.S. Senator (second) and President Obama (third).

See instructions below.

To contact your U.S. Senators and Representative, go to http://www.senate.gov/general/co ... rs_cfm.cfm?State=GA . Enter your legal residential address. You will get a list of elected officials. You are looking for your two Senators, who are statewide officials - call or write to them both. And you are looking for your Congressional Representative, who represents your particular electoral district. Click on their names to get their contact information.

The following is the two I find for georgia

Chambliss, Saxby - (R - GA)  Class II
416 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3521
Web Form: chambliss.senate.gov/public/index.cfm?p=Email

Isakson, Johnny - (R - GA)  Class III
131 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3643
Web Form: isakson.senate.gov/contact.cfm


To write the President, address your letter to: The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500. Or call him: 202-456-1111. Or go to this website to email: www.whitehouse.gov/contact.


What to say to them


  

Mention the bill number: H.R. 705


Identify the bill you want them to support: H.R. 705. Tell them that this bill would repeal the 1099 reporting requirement for landlords passed last year as part of the Small Business Jobs Act of 2010. Then explain in your own words why you want them to support repeal of the 1099 reporting requirement for landlords (rental property owners).

Here are some things you can say.

The bill would repeal a recent new law that imposes very heavy paperwork requirements on landlords. The paperwork requirements will make it especially hard for small landlords to comply with the law.

Many small rental property owners will not comply and will be subject to stiff penalties imposed by the IRS.

The impact will be to push small owners completely out of the rental property business, and make rental housing owned only by large absentee landlords. It will destroy local neighborhoods where small landlords are a key source of stability and community.

It is not right to have a law which, because it is so hard to comply with, will turn so many small rental property owners into outlaws.
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匿名  发表于 2011-2-28 13:22:13
This bill is small landlord's head.
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匿名  发表于 2011-2-28 15:06:01
Landlord need to fill 1099 for everyone who do work for your rental property, like contractor, the plumer, the handy man if landlord pay them over $600 in a year. This start 1/1/2011. HR 705 try to repeal this requirment of rental property owner. Please send email to ask them support H.R. 705 if you have rental property.
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