Welcome to 2012, and the new Fiscal Session. There are no bills filed yet, but I'm working with our lobbyist to monitor the session and look for any new bills that may have an impact on us.
Also a quick note on 1099s... last year, a typo in the ARA newsletter claimed that landlords have to send 1099s to their tenants. THIS WAS INCORRECT... but the rumor has taken on a life of its own. Let me say this again: LANDLORDS DO NOT SEND 1099s TO TENANTS.
In brief, the 1099 law was reset last year. In general the rule is: if you pay somebody for $600 of services... and that person is not a corporation or LLC... you must issue a 1099. BUT: if you have any questions, please see a CPA... do not trust to word-of-mouth, rumors or even your best friend.
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