Issue link: https://read.dmtmag.com/i/32232
44 • JUNE 2011 • WORLD FENCE NEWS HEAVY DUTY GATE LATCHES • NEW TAMPER-RESISTANT HARDWARE Special note from Jim Lucci It’s possible to change the system, one victory at a time NEW! NEW! Double Drive Latch / 18 lbs. Walk Gate Latch / 8 lbs. More Security • More Convenience Durable Hot-Dipped Galvanized Steel Construction Is Made To Last. Pre-drilled To Be Bolted or Welded to 15 ⁄8" or 2" Gate Frames. *Distributors Wanted *Patent Pending Both Latches Tested To Over 2,000 lbs • Eliminates Drop Rods & Chains International Security Products 8511 Xylon Avenue North • Brooklyn Park, MN 55445 1-800-733-7422 • 1-763-425-9000 • Fax: 1-763-425-9006 Check out World Fence News OnLine! www.worldfencenews.com I have had the (well, you can’t ex- actly call it pleasure) but let’s say re- sponsibility, of tracking the infamous expanded 1099 information tax return reporting requirements that were con- tained in last year’s health care reform legislation, technically named the Pa- tient Protection and Affordable Care Act, and also in the Small Business Jobs Act. I must admit that I took a proac- tive part in the fight for the repeal by urging everyone who would listen to call, fax or write their political repre- sentatives. I told them they had to act or they would be stuck with this forever. Kudos to them for taking it upon themselves to successfully get in- volved! It just goes to show that it is pos- sible to change the system, one victory at a time! As I reported in the May edition of World Fence News, on Tuesday, April 5, the U.S. Senate passed by a vote of 87–12 legislation to repeal the ex- panded 1099 reporting requirements, as well as the 1099 reporting require- ments for individual taxpayers who re- ceive rental income. The U.S. House of Representa- tives had already passed the same bill on March 3, and as of press time for that month’s edition of World Fence News, the legislation authorizing the repeal had been sent to the President for his signature. I am now happy to report that on April 14, the President put his signa- ture on a bill repealing the tax-compli- ance mandate in last year’s health care law, giving a victory to business groups that led a campaign against the requirement. The tax reporting requirement, dubbed “1099” for the tax form it would have required, drew widespread criticism after Congress passed it last year. Under the provision, businesses would have had to report all transac- tions totaling at least $600 a year for goods and services that they pur- chased. The repeal law returns such infor- mation reporting to its previous state, and prevents the huge additional pa- perwork burden on businesses, which already labor under mountains of doc- uments. So, for now, the onerous 1099 leg- islation is dead. – Jim Lucci, World Fence News contributing editor Six phases of a construction project 1. Enthusiasm 2. Disillusionment 3. Panic 4. Search for the guilty 5. Punishment of the innocent 6. Praise and honors for the non- participants SECURITY FENCING INFORMATION RESOURCE WORLDFENCENEWS.COM