IRS Webinar on Crumbling Foundations
Claiming casualty losses on deteriorating concrete foundations caused by the mineral pyrrhotite.
Wednesday, October 24, 2018
(60 minutes including Q&A)
This web conference will cover the following:
A discussion of the qualifying rules for claiming casualty losses related to deteriorating concrete foundations caused by the mineral pyrrhotite; including an overview of Rev Proc 2017-60. Also a discussion of the deductibility of payments after 2017 made to repair these foundations as found in Rev Proc 2018-14. Payments made in 2018 and beyond may still be deductible as casualty losses!
More information on Congressman Larson's work on crumbling foundations can be found HERE
Need to file your claim? Applications will be accepted Nov 15th and in the meantime you can visit Connecticut Foundation Solutions Indemnity, Inc for a step-by-step process found HERE with helpful FAQs to help before you file your claim HERE.