Woody February 3, 2011 at 10:43 am

The American Public has been duped again! The 1099 Issue is a complete joke. Having been in computer software for the last 40 years, ALL computer systems for Accounts Payable on the market, to my knowledge, automatically generate 1099 forms. It is an On/Off switch set in every vendor master file record, which means the "burden" is ONE KEY STROKE!

naksuthin February 3, 2011 at 10:49 am

Next up on the list should be the rule that prohibits the Federal government from negotiating discounts with drug companies.

This cozy agreement worked out between the Bush Administration and the drug companies means that the senior taxpayers can't get drugs at a lower price by using the power of Medicare's vast members. We have to pay whatever the drug companies demand.

All other countries get to negotiate prices with drug companies or else they won't be permitted to sell.

That's why you can buy Fosamax D cheaper in Thailand than you can in the US.

MRL February 7, 2011 at 12:32 pm

Woody, ONE KEY STROKE – that is ASTOUNDING. I don't your experience, but even I know that can't be so. You have to name search the vendor records individually, so you have to enter the names or account numbers. Then once you do make the magic one stroke of changing the "N" to a "Y" (for yes, send a 1099) then you hit enter or an update function key.

A programmer can go in and change all the vendor master records, but that takes time and money to code, test and implement.

Either way, its not as simple as ONE STROKE.

Further, thats just the beginning. You can't just send a 1099 with out accurate Tax ID information. I would think that most companies don't have that information except for the vendors they were required to send 1099's to in the past. Now, they have to implement a process to collect that data. Then once you have it, thats more data entry.

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