NASE released an email today about a push by both the Senate and the Representatives pushing to add regulatory requirements for small business.

In efforts to minimize the federal deficit and acquire revenue for new

policy efforts, Congress and the Administration are looking to the tax gap.

The nation’s tax gap is the difference between what taxpayers should pay

and what they actually pay on a timely basis. According to the IRS, the tax

gap is approximately $353 billion.
To increase tax compliance and recover funds from this tax gap, numerous

proposals have been made to increase regulations and information reporting

which may be disproportionately hurtful to the micro-business and self-

employed communities.   One suggestion is to require businesses utilizing

independent contractors to obtain and verify, with the IRS, an accurate

Taxpayer Identification Number (TIN) for those contractors receiving

payments of $600 or more.

 Excerpt from email from NASE.

Let Congress know how this affects you as a business owner by filling out the form at the link below:

http://advocacy.nase.org/grassroots/story_tg3.asp