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Ginny Silver discusses the obligations of small business owners when they hire independent contractors. If you paid an independent contractor $600 or more during the taxable year, you are required to issue a 1099 form, specifically the 1099 NEC (Non-Employee Compensation). She emphasizes that this video is meant to provide resources for small business owners and is not a substitute for professional tax advice, as she is neither a CPA nor a tax preparer. The information aims to clarify the process, which can often be confusing for those unfamiliar with it.