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Publication 1220 rev 7 is a document used for reporting information returns such as 1099 forms to the IRS.
Any organization or entity that has made payments required to be reported on 1099 forms is required to file publication 1220 rev 7.
Publication 1220 rev 7 can be filled out electronically using the IRS FIRE system or through an approved vendor.
The purpose of publication 1220 rev 7 is to ensure that all information returns are accurately reported to the IRS.
Publication 1220 rev 7 requires information on various types of 1099 forms, including payee details and payment amounts.
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