U.S President Barack Obama has signed into law H.R. 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 P.L. 112-9.1 This legislation repeals the expanded Form 1099 information-reporting requirements as well as the new Form 1099 reporting requirement that was to be imposed on taxpayers who receive rental income.Related posts:U.S. Legislation for Small Business Passes with Measures for IndividualsUS: IRS Issues Guidance on HIRE Act Reporting ObligationsIreland: 2010 Share Scheme Reporting Deadline