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Attention Vendors **ADDENDUM** This addendum forms a part of the contract document and modifies the original specification as noted below. Addendum Number: 02Project Name: Mastication and Clearing
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What is what is form difference?
The Form W-4 is used by employees to indicate withholding amounts for taxes, while the Form 1099 is used by businesses to report income paid to independent contractors.
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Employees fill out Form W-4 with their personal and tax withholding information, while businesses fill out Form 1099 with payment and tax information for independent contractors.
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The purpose of Form W-4 is to ensure the correct amount of taxes is withheld from an employee's paycheck, while the purpose of Form 1099 is to report income paid to independent contractors.
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Form W-4 requires personal information and tax withholding preferences from employees, while Form 1099 requires payment information and tax identification numbers.
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