News Room

The American Accounts Payable Association represents its membership in Washington, DC, provides public service education, and represents the accounts payable profession to the world. AAPA is a recognized source for accounts payable information in the United States. AAPA is allied with accounts payable professional societies in other parts of the world and with societies of related professions in the U.S.

Obama Signs Repeal of Expanded 1099-MISC Reporting Into Law

On April 14, President Obama signed into law H.R. 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (Public Law 112-9). The new law repeals provisions in last year's health care reform legislation - the Patient Protection and Affordable Care Act - that would have expanded the Form 1099-MISC reporting requirements to payments for services provided by corporations and payments for gross proceeds and property that total at least $600 in a calendar year beginning in 2012.

2011 Form 1099-MISC Available

The IRS has released Form 1099-MISC, Miscellaneous Income, for 2011. The form is virtually unchanged from 2010. Download the 2011 Form and Instructions.

Mileage Rate Increased to 51 Cents for 2011

The IRS has announced that the business standard mileage rate for 2011 will increase to 51 cents per mile. The rate for medical or moving expenses will increase to 19 cents. Download the Notice.