Actually, not at all. As the current state and federal laws are, we are not required to report any income gained through scrap metal recycling to the IRS for tax purposes. It is the sole responsibility of each individual to include their income from scrap metal recycling into their own tax return. We can, however, provide detailed reports at any point for all customers to give you a detailed picture on how much money you have earned through scrap metal sales for any given period of time. Naturally, if legal requirements were to change, Basic Metals would immediately fall into place and adhere to any and all new applicable laws.
By andrew | 2018-03-26T16:06:44-04:00 March 26th, 2018 |
Basic Metals is a full-service industrial recycling company based out of Metro Detroit, specializing in production scrap and commercial cleanouts. We operate two scrap yards and are open to the general public as well.