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In this video, Kayla Weaver discusses Form 1099 miscellaneous, the filing requirements, and the use of Form W-9. The IRS requires this form to ensure accurate reporting of income. For employees, Form W-2 shows total wages and withholdings, sent to both the employee and IRS for tax filing. Self-employed individuals do not receive a Form W-2 and must report income accurately. The video also includes an example of Form 1099 miscellaneous for reference.
