Yes, the $600.00 limit is there, and transactions for more than that will require a Form 1099. Your CPA is not lying to you. That is old news. There is or was talk about amending (omitting) that specifically, or during a repeal of the whole darn thing, but neither happened and won't happen anytime soon.
Bottom line, your CPA is telling you the truth. It is still very much there. I have to imagine that rates for CPAs will go up this year, if for nothing more than weeding through that alone. CPAs are like you and me and everyone else, they expect to be paid for services rendered, and like you and me and everyone else, they should be.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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