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If you pay contractors or independent workers, you need these two forms: 📄 W9 – This form is filled out by your contractor. It includes their legal name, address, and identification number. 📄 1099-NEC – This one is filed by you to report how much you paid them (usually $600 or more in a year). 👉🏽 These forms help you stay compliant with the IRS and avoid penalties. 👉🏽 They also help your contractors file their taxes correctly. At MC Transactions, we help you prepare and file your 1099 and
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