Pay less tax!! What’s New with IRS for 2010 filing season?

Corrosive drywall. You may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. The deduction is limited if you have a pending claim for reimbursement (or intend to pursue reimbursement) through property insurance, litigation, or other means.

ABA Tax provides tax services to both businesses and individuals in ALL 50 states. Our goal is to help you minimize your tax liability with proactive planning and accurate reporting. Please give us a call toll free 866-936-0430 or an email if you have any questions or would like to make an appointment.

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