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In this video, Kayla Weaver discusses Form 1099 Miscellaneous, explaining its use by the IRS and filing requirements. She also covers the purpose of Form W-9 and provides an example of a completed Form 1099 Miscellaneous. For employees, the company provides a Form W-2 showing total wages, withholdings, and other information to both the employee and IRS to match against tax returns. Self-employed individuals do not receive a Form W-2 and must report income on their tax returns differently.
