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Which of the following is not correct regarding a 1099? Multiple Choice The 1099 Forms are required to be sent to the SEC to maintain

Which of the following is not correct regarding a 1099?

Multiple Choice

The 1099 Forms are required to be sent to the SEC to maintain compliance as a registered public company.
The 1099 Forms are commonly prepared by all business every year.
A vendor's Tax ID No. is required to complete the 1099.
QuickBooks Online can assist in tracking amounts and preparing 1099s for appropriate vendors.

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