NASSAUSUFFOLK

 View Only
Back to discussions
Expand all | Collapse all

audit letter for Real Estate Section 421-A

  • 1.  audit letter for Real Estate Section 421-A

    Gold Most Valuable Member
    Posted 05-04-2016 11:03 AM

    I have a tax abatement professional indicating that the audit letter certifying the project costs should include the appraisal value of the property purchased instead of the historical cost. He is telling my client that I am wrong as he has hundreds of audit letters prepared based upon appraised values.

    Any thoughts??

    ------------------------------
    Richard Finelli
    RICHARD A. FINELLI, CPA PC
    Babylon NY
    631-482-9400
    ------------------------------


Discussion Disclaimer

The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.