Erin Corwin  (Operations Manager) writes:

Attention Landlords - If you haven't already heard the $600, 1099 Landlord Reporting Law has been repealed!

Robert Freedman, Senior Editor of REALTOR Magazine reported this week that congress passed legislation to repeal a provision in small business legislation enacted last year that required small landlords and the real estate practitioners who work with them to track and report any work done for them that totals $600 a year or more over the course of a year and to send any vendors whose work reaches that amount an IRS Form 1099, so they can report the income to the federal government.  

Read the full article here.

You can read the Bill Summary and Status here: http://thomas.loc.gov/cgi-bin/bdquery/z?d112:h.r.4:

 

 

 

 

 

 

 

 

 

H.R.4,Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011,Seattle, Real Estate Agent, Real Estate Broker, Real Esate for Sale, Homes for Sale, Condominium for Sale, Condos for Sale, Land for Sale, Lots for Sale, Seattle, North Seattle, Shoreline, Lake Forest Park, Haller Lake, Northgate, Broadview, Pinehurst, Maple Leaf, Greenwood, Greenlake, Green Lake, Tangletown, Wedgewood, North Beach, Blue Ridge, Phinney Ridge, Ballard, Edmonds, Bellevue, Mount Lake Terrace, New Construction, Remodeled, Fixer, Foreclosure, Short Sale, Home, Condominium, Condo, Townhome, Town Home, Townhouse, Town house, Chuck Cady, Ann Babb, Ann Babb-Nordling, King County, Snohomish County real estate