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United States · Bill · HR

H.R. 705 (112th)

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

openUnited States· United States Congress· EN

Introduced

15 February 2011

Last action

Status

Placed on the Union Calendar, Calendar No. 7.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

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Documents

6 official files

Reported in House (text)

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