$600 1099 Landlord Reporting Law Repealed
In a little-noticed but important victory for REALTORS®, particularly those who help households and mom-and-pop owners of small rental properties, Congress this week passed legislation to repeal a short-sighted provision in small business legislation enacted last year (and a similar provision in the big health care reform law) that imposed onerous reporting requirements on small landlords and the real estate practitioners who work with them.
UPDATE: Presid
ent Obama signed the repeal into law yesterday, April 14, making it official.
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