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What are the essential types of form for a taxpayer?

Form 1099 is an information return to report incomes, wages, and salaries to filing for a tax return. The form is used to mention payments, including rental income, income from dividends, and interest. There are multiple variants, out of which 1099-NEC (Non-Employee Compensation) is important for an independent contractor. What is a 1099-NEC tax form? […]