ALEXANDRIA, Va. — TRSA is continuing to seek Congressional support for the industry’s effort to convince the Internal Revenue Service (IRS) that it should adhere to its 2008 plan to maintain rules governing deductibility of rental textile items. The agency seeks to disallow such deductions unless rental laundry companies account for the life cycles of individual items. That would create an onerous, if not impossible, inventory-tracking challenge for the industry, TRSA says.
