Companies face challenge of processing taxes and file according to taxation rule of US. Processing of various transactions minutely to find out taxable income is not easy and requires expertise. Accountants and taxation experts are hired in the companies for this purpose. Filling the forms manually requires lots of time and money for companies. So, e-file 1099-misc forms to show the miscellaneous income paid to the employees during the year. Special privileges like social security, renting, royalties, medical insurance, award, and prize are given to employees by companies. Showing the total income paid to employees is easy and convenient for a company.

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