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What Is a 1099 Contractor?

A 1099 contractor is usually also known by another name – an independent contractor. The term 1099 contractor is a legally accepted term used in the United States. It actually has a tax-related origin as it refers to the type of worker that hires out his services to a business or client. The number...

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What Is a Form W-9?

One of the forms issued by the United States Internal Revenue Service (IRS) is Form W-9 (sometimes written as Form W9). This type of form is used for taxation purposes although it is not filed with IRS. The Form W-9 is collected by companies who hire independent contractors, otherwise known as...

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What Is a Subcontractor?

When in construction, most of the laborers work through a contract entered into by them and the employer. However, it is possible for employees to hire people in the event that their skills are necessary for the job to be done. When this occurs, the person hired by the employee is referred to as...

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What Is HVAC?

HVAC stands for heating, ventilation, and air conditioning and it refers to systems that help in controlling the climate inside an enclosed environment. The aim of HVAC systems is to make the occupants feel comfortable by helping regulate the temperature and the air flow inside the environment....

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What Is a 1099 Form?

A 1099 form is one of the forms that are a ubiquitous part of taxation and operating a business. There are many forms that are used to record income from employees or independent contractors. While W-2 forms are usually given to employees to list the income they have earned for the tax year, 1099...

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What Are Consequential Damages?

Consequential damages, also known as “special damages” is a type of compensation awarded not to the direct damage of an act but predictable damages caused by the initial act. It is an injury or harm which does not arise directly from the immediate act, but only as a result from the act in question....

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What Is Mitigation of Damages?

When an individual has suffered injuries or losses due to the deliberate or accidental actions of another individual, the former must take reasonable action to prevent any additional losses or injuries. This instance is referred to as mitigation of damages. This legal term can reduce the amount of...

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What Is a Whistleblower Lawsuit?

A whistleblower is essentially an individual who can provide crucial information that can instigate a court trial. Thus, a whistleblower lawsuit, which is also known as a qui tam or false claims suit, relies on the information provided by the whistleblower in order to proceed with legal proceedings...

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Basics of a Mechanic’s Lien

There are several legal processes that exist in order to provide people some form of guarantee for goods or services that have been given. When such a legal process involves a guarantee of payment over contracted services that have been done and assigned to an improved piece of property, this refers...

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What Is a Contractor's License?

A license is a way of showing accreditation and that a person knows and had training to do the skills on which he was licensed. A contractor’s license is the same, it proves that the contractor is accredited and has the proper knowledge and skills to perform the job of a contractor. The licensing...