So, just like any other business, they have to issue a 1099 for anyone they pay more than $600 in rental expenses in a year," said Jean-Philippe Choudhry, a member of the IRS's Electronic Tax Administration Advisory Committee.
What does ETAAC stand for?
ETAAC stands for Electronic Tax Administration Advisory Committee
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of ETAAC
- Abbreviation Database Surfer
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Samples in periodicals archive:
In June, the Electronic Tax Administration Advisory Committee recommended phasing in the requirement over three years.
To improve private-sector acceptance, initiative and cooperation, the restructuring act required the IRS to create the electronic tax administration advisory committee (ETAAC) to offer input from this group.
The IRSRRA '98 also created the Electronic Tax Administration Advisory Committee (ETAAC) to report to Congress annually on the Service's progress in achieving these goals.
In addition, the IRS has established an Electronic Tax Administration Advisory Committee to provide an organized public forum for discussion of ETA issues in support of the overall goal of encouraging taxpayers to transact and communicate electronically with the Service.