Paperwork Nightmare

The new health care law could become a paperwork nightmare.  The piece of legislation has a requirement that could become a paperwork nightmare for nearly 40 million businesses.

Businesses must file tax forms for every vendor that sells them more than $600 in goods.

The goal is to prevent vendors from underreporting their income to the Internal Revenue Service. The government must think vendors are omitting a lot because the filing requirement is estimated to bring in $19 billion over the next decade.

It remains to be seen for congress can work together to fix this.