NEW YORK ( MainStreet) -- What's happening in small business today? 1. Legislation seeks to curb 1099-K requirements. Congressman Aaron Shock (R-Ill.) introduced on Wednesday legislation to prohibit the IRS from implementing the 1099-K form because it creates an unnecessary reporting burden on small businesses. It's called the 1099-K Overreach Prevention Act, H.R. 3877.
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