A client has invested a substantial amount of money in the rehabilitation of a building with the
Fantastic news! We've Found the answer you've been seeking!
Question:
Although you are an expert in real estate matters, you have never worked on this sort of transaction, but you have a friend who has. He agrees to help you determine the depreciation lives of the building components and the tax benefits of the expenditures.
Is it necessary to tell your client that your friend will be helping?
If so, exactly what should you tell your client about the need for outside expertise?
Once the information comes back, how should you evaluate and document the advice you receive?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: