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Nit 4 refers to Form 1099, which is used to report various types of income to the IRS.
Any individual or business that has made certain types of payments during the year must file Form 1099.
Form 1099 must be completed with accurate information regarding the income payments made.
The purpose of Form 1099 is to report income payments to the IRS and the recipient.
Information such as the recipient's name, address, taxpayer identification number, and the amount of income payment must be reported on Form 1099.
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