Confederate
Member
I may be off my rocker on this, but I need to check it out with some knowledgeable folks who are familiar with federal laws.
Many are stumped over a new healthcare regulation requiring all business transactions in excess of $600 to be reported on Form 1099 to the federal government, especially the IRS.
One article says: "the IRS will not be setting these rules. Instead, those noted tax experts at the U.S. Department of Health and Human Services will be writing and overseeing these tax regulations. Why? Who knows? It is the Alice in Wonderland world of the Obama health care bill."
In short, no one knows why this was stuffed into the Obama healthcare bill. Also, the details have yet to be written.
The implications for gun owners is staggering. Every gun transaction $600 and over must be reported, and as I said, the details have yet to be written. By the time this takes effect, think of how many firearms will be in that price range. And the federal government can stipulate what information will be included. It can require the names, addresses, serial numbers and anything else it wants. It will add yet another bureaucratic step for gun stores that will certainly affect the prices of firearms nationwide.
Am I being paranoid or can this be aimed at putting gun stores out of business and requiring yet more information to the government about gun buyers. What do you think?
Here's a standard 1099:
.
Many are stumped over a new healthcare regulation requiring all business transactions in excess of $600 to be reported on Form 1099 to the federal government, especially the IRS.
One article says: "the IRS will not be setting these rules. Instead, those noted tax experts at the U.S. Department of Health and Human Services will be writing and overseeing these tax regulations. Why? Who knows? It is the Alice in Wonderland world of the Obama health care bill."
In short, no one knows why this was stuffed into the Obama healthcare bill. Also, the details have yet to be written.
The implications for gun owners is staggering. Every gun transaction $600 and over must be reported, and as I said, the details have yet to be written. By the time this takes effect, think of how many firearms will be in that price range. And the federal government can stipulate what information will be included. It can require the names, addresses, serial numbers and anything else it wants. It will add yet another bureaucratic step for gun stores that will certainly affect the prices of firearms nationwide.
Am I being paranoid or can this be aimed at putting gun stores out of business and requiring yet more information to the government about gun buyers. What do you think?
Here's a standard 1099:
.