FYI: when the $600 mandatory filing for 1099-MISC's is reduced to $0, a similar effect will hammer the small business and freelance market nationwide since a lo

FYI: when the $600 mandatory filing for 1099-MISC's is reduced to $0, a similar effect will hammer the small business and freelance market nationwide since a lot of clients limit the total number of vendors they will do paperwork for. There have been proposals to do so, but none have advanced yet. One milestone is 250 1099-MISC filings, which triggers electronic filing. The unexpected consequence of law and rule changes like these are to create massive monopolies, with no small business market, becoming more European-like. https://www.entrepreneur.com/article/307779 https://www.entrepreneur.com/article/307779 https://sovos.com/blog/2019/02/12/irs-forms-1099-misc-vs-1099-k-states-close-tax-reporting-gap/ https://sovos.com/blog/2019/02/12/irs-forms-1099-misc-vs-109...