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GettingReadyfor1099MISCReporting
WhySendForm1099MISC?
IRSform1099MISCisaninformationalreturnthatmustbefiledtoreportvarioustypesofpaymentsabusinessesmaketothirdparties. TheIRSandstatetaxagenciesuse
thisinformationtoensurethatthepeoplereceivingthepaymentsproperlyreporttheincomeontheirtaxreturns.
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