The IRS may rule to help homeowners who have toxic drywall. The agency is putting out a letter, that says: it may consider loss of home value, due to Chinese drywall, a casualty event. That would mean: homeowners could deduct the loss from their taxable income, possibly as soon as this tax year. The IRS [...]
|
|||||
|
The class-action toxic drywall lawsuit has been scheduled. It’s being called the largest construction defect case in U.S. history, and is set to be heard September 2010. The plan is to take one federal suit to the manufacturer in China and the distributor in Germany. For Florida homeowner Richard Kampf, that is too long. The [...] The RISS System(TM) has been developed to remove toxic drywall compounds. Sabco Inc from Florida created the invention to remove indoor air contaminants released by the drywall and reduce sulfur levels to a minimum. The system does not require the homeowners to leave the premises or personal property to be removed. Existing toxic drywall does [...] A Montreal company has helped create a filter to battle the toxic drywall problem. Aller Air Industries Inc is working with Spiderman Mulholland of U.S. Building Consultants Inc, to find a solution to the harmful gases being emitted from the drywall from China. “We developed a carbon filter unit specifically to reduce the [...] Real estate sales are even lower than normal because of toxic drywall. RE/MAX realtor, Kathy Slusser, says the drywall scandal is effecting her bottom line. “Over the past four to six weeks, our office alone has lost more than $500,000 in sales because of Chinese drywall,” Slusser estimates. Realtors believe the drywall problem [...] Businesses across the country are working on a toxic drywall solution. Environmental laboratories, building contractors, chemical manufacturers and air quality technicians are hoping to be the first ones to come up with a million dollar solution…one that will solve the toxic drywall problem and possibly secure a share in the profitable remediation of [...] Lawmakers have contacted the IRS regarding a toxic drywall deduction. Congressmen Mark Warner, Jim Web, Bill Nelson, and Glenn Nye wrote Floyd Williams at the IRS seeking help for homeowners whose property has been damaged by the drywall from China. The lawmakers believe toxic drywall losses should qualify as a “casual loss” deduction [...] Should toxic drywall in homes be disclosed? Realtors in Hampton Roads, VA attended a town hall meeting to discuss what they should do if homes they are selling contain drywall from China. The meeting was led by attorney Richard Serpe, who has joined other lawyers across the country to help homeowners deal with [...] The consolidation of toxic drywall lawsuits will take place in New Orleans. Judge Eldon E. Fallon is expected to approve the grouping of 100,000 lawsuits into a single class action complaint. The defendants will reportedly be seeking total damages of more than $1 billion. Florida alone is expected to file 35,000 cases within [...] Homes built with toxic drywall are facing many dangers. Air conditioner coils are corroding, copper wiring and outlets are covered with black soot, houses smell like rotten eggs and people are getting sick. The Florida Department of Health says the odor is coming from the emission of volatile sulfur compounds. These gases are [...] |
|||||
|
Copyright © 2012 Toxic Mold TRUTH - All Rights Reserved |
|||||