Contractor Table Saw

ContractorWhether it’s due to the severe hurricanes that devastated parts of the country, or the recent economic downturn that has contractors desperate for work, contractor fraud claims jumped 31 percent between 2001 and 2008, according to the Better Business Bureau (BBB). With a few exceptions, all businesses or individuals who work on any building, highway, road, parking facility, railroad, excavation, or other structure in California must be licensed by the California Contractors State License Board (CSLB) if the total cost of one or more contracts on the project is $500 or more.

In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-MISC 1 2 This form is merely a report of the money paid; …