440-772-0186 | cpacontentplus@strategicseven.com

IRS Allows Deductions for Faulty Concrete Mixed With Pyrrhotite

IRS Allows Deductions for Faulty Concrete Mixed With Pyrrhotite

Regular price
$325.00
Sale price
$325.00
Regular price
Sold out
Unit price
per 

Taxpayers who have had repairs made to the crumbling foundation of their personal residences may now be protected by the Internal Revenue Service (IRS). In issuing a new revenue procedure, the IRS is allowing taxpayers to take a deduction related to faulty concrete used in repairs when the concrete was mixed with the mineral pyrrhotite. In many cased, the faulty concrete results in expensive repairs because of cracks and their crumbling foundations.