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Kayla Weaver explains the purpose of form 1099 miscellaneous and form W-9 in this video tutorial. Employees receive form W-2 from their company and IRS to report total wages and withholdings for tax filing. For self-employed individuals, form W-2 is not applicable, so they use form 1099 miscellaneous to report income. IRS uses these forms to ensure accurate reporting of income on tax returns.
