HR 3877
112th Congress
House
Taxation
Accounting and auditing
Tax administration and collection, taxpayers
1099K Overreach Prevention Act
Introduced: February 1, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 1, 2012
Referred to the House Committee on Ways and Means.
Feb 1, 2012
Introduced in House
Plain-English summary
1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1