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And there already are changes on the horizon for distributors to learn about and ultimately use to their advantage. Willard noted there are major compliance changes for the 1099-MISC reporting in the healthcare legislation package recently passed by Congress. "These new requirements say that businesses must file a 1099-MISC form for any business payment or purchase that exceeds $600 in a calendar year, starting Jan. 1, 2012," he said. "Although there is still debate about the specifics of these regulations, there will certainly be changes to 1099-MISC reporting over the next two years."
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Elise Hacking Carr
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Elise Hacking Carr is senior production editor for Print & Promo Marketing magazine, and managing editor for PRINTING United Journal.
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