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1099-MISC forms are used by employers to report payments that they make to independent contractors. A 1099-MISC form can also be used to report certain types of payments other than wages, such as licensing fees, royalties, and income from rental properties. Contractors need 1099-MISC forms so that they can accurately report their income and pay any taxes due by April 15th of each year. The 1099-MISC form is specifically for independent contractors; for regular employees, use form W-2.Get started now ›