Estate of Lucille Abbott Sexton, Deceased, Ann Sexton Peterson, Executor - Page 8




                                        - 8 -                                         
               2.  The Contractor shall review all documents relating                 
               to the series of transactions described above to                       
               determine:                                                             
                    (1) exactly what rights were purchased;                           
                    (2)  whether these rights remain even after the                   
                    life of the building has expired; and                             
                    (3) the useful life of these rights                               
               3. The Contractor shall convey the results of its                      
               review, research and analysis in a written narrative                   
               appraisal report, with adequate supporting                             
               documentation to enable the reader to follow the                       
               thought process throughout the entire report, and                      
               arrive at the logical conclusion.                                      
                    OPTIONAL LINE ITEM:                                               
               4.  At the option of the Government, the Contractor may                
               be required to provide up to (8) hours of consultation                 
               time and travel to the Los Angeles area to attend a                    
               closing conference with IRS personnel and taxpayer                     
               representatives to discuss the findings.  At this                      
               conference, the Contractor shall interface with                        
               taxpayer experts in discussing this issue.                             
               5.  At the option of the Government, the Contractor may                
               be contacted to provide any appropriate pre-trial                      
               preparation and trial testimony in U.S. Tax Court.                     
               Mr. Harkavy made a Contract Proposal with respect to the               
          request for bids, which added the following services to those set           
          forth in the request for bids:                                              
               4. Research underlying Code Sections, Regulations and                  
               Court Cases.  Research should initially concentrate on                 
               the threshold questions of whether air rights, FARs,                   
               and TDRs are solely allocable to land, and therefore                   
               not depreciable, or alternatively, an allocation should                
               be made between land and improvements.  If an                          
               allocation is required, the criteria for this                          
               allocation must be established.                                        







Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  Next

Last modified: May 25, 2011