
Originally Posted by
Melonie
Actually, a legal requirement of the new US Obamacare law is that businesses must report to the IRS via form 1099 all moneys paid out to 'independent contractors' in excess of $400 per year. This legal requirement was supposed to take effect in 2012 but was postponed for a year by the US congress. So far no effort has been made in Washington to postpone it again ... which means that if clubs will be required to issue 1099's to the IRS in the spring of 2013, they need to be tracking money paid out to 'independent contractor' dancers throughout 2012. Form 1099 requires the 'independent contractor's real name, real address, and real SS#.
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