And to make your life even more interesting, there will be new reporting requirements for payments made to individuals and companies. Part of this program requires new ID cards that have to be checked with the government before you engage these entities to do business with them.
There is nothing like a complex government program to make life interesting - especially with 17,000 new IRS agents getting trained to monitor the program, among other things.
Garry Bartecki is the managing member of GB Financial Services LLP and VP Finance for the Associated Equipment Distributors. He can be reached at (708) 347-9109 or firstname.lastname@example.org.