In a Technical Advice Memorandum, the Internal Revenue Service has ruled that the cleanup expenses associated with contaminated soil were not currently deductible as repairs. Rather, the costs of testing, removing and replacing PCB contaminated land were capital expenditures.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.