If you have paid 1099 contractors or vendors in the past year using payment forms other than cash or check, you need to be aware that the IRS has issued new reporting regulations for tax year 2011 1099-MISC form.
Critical Notice from Intuit: Changes to IRS Reporting Regulations for 1099-Misc Tax Year 2011.
See updated info here:
http://catnfidl.com/2012/01/27/new-1099-regs-online-bill-pay-is-still-reported-on-a-1099-misc/