CNN Reports top Democrats are uniting with Republicans to repeal the expanded 1099 reporting requirements set to take effect in 2012. Senate Finance Committee Chairman Max Baucus, D-Mont., said Friday that he will introduce related legislation. The reporting requirement is sometimes referred to as “1099” because it would require businesses to file Form 1099 with the IRS to report payments made to corporations for goods and certain services.  This type of information reporting was proposed by the Bush administration to help better keep  track of what businesses spend and earn, which in turn helps better keep  track of what they owe in taxes. CNN reports the measure was adopted in March as part of the health care bill and businesses say they will be swamped with onerous paperwork. The U.S. Treasury Department estimates that more than $345 billion in owed taxes go unpaid each year, adding to the federal deficit.  The 1099 information reporting requirement was passed with the hopes that better information would help the IRS collect more of those unpaid taxes and keep taxes lower for all taxpayers.