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In today's video, the host discusses the IRS form 1099-MISC, essential for business owners and individuals. The video covers what the form is, the types of payments reported, and what to do upon receiving it. It also compares 1099-MISC with 1099-NEC. The 1099-MISC is a tax form used by businesses and individuals to report qualifying expenses throughout the year. Recipients of the form, known as payees, will need it for their tax preparations. Additionally, the tutorial provides information on who must file the form and the filing process. Viewers are encouraged to subscribe, like, and comment if they find the content helpful.