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Nit 4 refers to Form 1099, which is used to report various types of income to the IRS.
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Any individual or business that has made certain types of payments during the year must file Form 1099.
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Form 1099 must be completed with accurate information regarding the income payments made.
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The purpose of Form 1099 is to report income payments to the IRS and the recipient.
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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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