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In this video tutorial, the speaker explains how to fill out three key IRS forms: the 1099 OID, the 1096, and the 1040V. They emphasize the importance of reading the instructions that accompany these forms, as understanding them is crucial for correct completion. The speaker notes that the 1099 and OID forms come with very brief instructions, while the 1096 form includes more detailed guidance. They encourage viewers to take the time to read the instructions carefully, as it will provide valuable information for accurately filing these forms. Mock-ups are used to demonstrate the process clearly.