The tax reporting requirement in Obamacare that will cause American businesses to file perhaps millions of addition 1099 forms is under attack by Republicans and may be excised from the bill by the time it becomes mandatory in 2012.The requirement is for businesses who previously only had to report services performed by other companies valued at $600 or more. The new reporting procedure now requires not only services be listed but also goods purchased. Hence, if a company spends more than $600 on stationary, they must use the 1099 to report it.The potential for a massive increase in the paperwork burden is great. Hence, the GOP has already plotted to repeal the requirement: Sen. Mike Johanns (R-Neb.) this week continued his push to eliminate a controversial tax-reporting provision of the new healthcare reform law, vowing to offer his repeal bill at every turn."I will file this amendment on every viable vehicle that comes to the Senate floor," Johanns said Monday at a...(Read Full Post)