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quotxquot-quotitfquot1 is a tax form used to report information about income earned from non-employee compensation.
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quotxquot-quotitfquot1 can be filled out by providing the name, address, and tax identification number of the non-employee contractor or vendor, along with the amount of income paid.
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The purpose of quotxquot-quotitfquot1 is to report income paid to non-employee contractors or vendors to the IRS.
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Information such as the name, address, tax identification number, and amount of income paid to non-employee contractors or vendors must be reported on quotxquot-quotitfquot1.
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