On page 737 of the Healthcare Bill is a three-paragraph section that has nothing to do with hospitals, doctors, drugs or health insurance. Starting January 1, 2012 all business entities will be required to issue 1099s to all individuals and business with which they spend $600 or more annually for goods and services.

ast week we looked at the changes this bill created for 2010. This week we highlight the changes for 2011 and 2012.

We are going to start a four-part series of Tax Tips to take a look at the Patient Protection and Affordable Care Act and the Health Care & Education Affordability Act. These acts represent over 2400 pages of new laws and are collectively called the Healthcare Bill.Despite widespread belief that health coverage is mandatory now, the mandate for health insurance coverage does not actually take effect until 2014. In fact, some provisions of the Healthcare Bill do not take effect until 2018.

When your accountant or attorney wants to discuss entity choice, they are referring to the various types of business entities or structures available. When considering the pros and cons of each type of entity, the many multifaceted issues may be grouped in taxation and asset protection.

During the recent 2009 tax filing season, we saw many clients take advantage of the Residential Energy Tax Credit.As a reminder, this credit is available to homeowners who install energy-efficient components and appliances. See the full list.

One of the provisions of the Patient Protection and Affordable Care Act is a credit designed to encourage small employers to offer health insurance coverage for the first time or maintain coverage they already have. In general, the credit is available to small employers that pay at least half the cost of single coverage for their employees.