3.0.0 3783 2023-01-11T13:21:25Z 2023-01-11T13:21:25Z Senate S S 2010-09-14 111 ssfi00 Finance Committee Senate Standing Referred to 2010-09-14T22:56:22Z Information Reporting Modernization Act of 2010 111 3777 S 2010-09-14 Read twice and referred to the Committee on Finance. Identical bill CRS 2010-09-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-09-14 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2010-09-14 True Taxation Business records Inflation and prices Internet and video services Internet, web applications, social media Tax administration and collection, taxpayers Wages and earnings Taxation 00 2010-09-14 Introduced in Senate 2010-10-08T12:40:28Z Information Reporting Modernization Act of 2010 - Amends the Internal Revenue Code to increase from $600 to $5,000 the threshold amount for reporting to the Internal Revenue Service (IRS) payments made to corporations. Adjusts such increased amount for inflation, beginning after 2012.

Requires the Secretary of the Treasury, with respect to tax returns filed in calendar years after 2011, to: (1) upgrade IRS scanning technology to allow for the submission of generic 1099-MISC forms downloaded from the IRS website; and (2) establish a free online entry and submission mechanism.

]]> Information Reporting Modernization Act of 2010 Display Title Information Reporting Modernization Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase the threshold amount subject to information reporting at source, and for other purposes. Introduced in Senate IS Short Titles as Introduced Information Reporting Modernization Act of 2010 Introduced in Senate 2010-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3783is/xml/BILLS-111s3783is.xml 2010-09-14 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.