Businesses and not-for-profit organizations are accustomed to IRS rules
that require them to report certain payments on annual Form 1099
information returns. However, the recently enacted healthcare law imposes
surprising new Form 1099 reporting requirements. Complying with them may
add significantly to your organization’s paperwork burden. While the new
rules don’t apply to payments made before 2012, it’s not too early to
start gearing up to deal with them.
