The RFA requires agencies to review the prospective impact of proposed regulations on small entities—small businesses as well as small governmental jurisdictions and small nonprofits—and to consider significant alternatives that minimize small entity impacts.
Also, "make Amex do everything" is an interesting concept, but who provides Amex with the W-9 information?
I'm not in A/P but I can sympathize with the new regs. I had never considered that my company's payments to their Amex business cards would result in a single 1099 for all of the 16 million different things they are used for, and that Amex would then bear the burden of churning out 1099s. Awesome!
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