The 1099 forms are used to help keep track of income and they are required for filing taxes.
It is important to accurately fill out the 1099-Misc form so that the IRS can appropriately tax the contractor's income.
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If this is the case, a 1099-Misc form must be filled out when a person makes at least 10 in royalties.
Including this information on your tax return is important, as it is required you list all income to the IRS.
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