RB May 2014

Money Talk: Newer new rules for repair costs

IRS issues final regulations for builder expenses –  – By Mark Battersby – Since the inception of the Internal Revenue Code, the IRS and rural building businesses have been at odds over whether expenditures are deductible repairs or a capital expenditure. Now, after seven years of drafts and proposed rules, the IRS has issued...

Caution: watch that impact driver!

Improper use of impact drivers can lead to paint finish damage and failed connections. –  The Metal Construction Association has developed a technical bulletin on “Proper Tools for Fastening Metal Panels.” In particular, it addresses the improper use of impact drivers. Andrew F. Williams, PE, Director of Codes and Standards for the MCA noted...