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Kayla Weaver explains the purpose of Form 1099 miscellaneous and its relation to Form W-9. For employees, Form W2 is provided by employers to report wages and withholding to both employees and the IRS for tax filing purposes. The IRS uses these forms to ensure accurate reporting of income. Self-employed individuals do not receive W2s, but instead need to report their income on their tax returns. This tutorial includes an example of Form 1099 miscellaneous for clarification.
