Subpart F was designed to prevent U.S. citizens and resident individuals and corporations from artificially deferring otherwise taxable income through use of foreign entities. The rules require that: A U.S. Shareholder; of a Controlled Foreign Corporation (CFC) must include in his/its income currently
1 If the existing room configuration allows a closet to be installed without new side walls, the cost for a simple reach-in closet (with no lighting) drops to $1,000-$3,000, depending on the style and number of doors and other features. In some municipalities, a room must have a closet to be considered a bedroom. 2  Some developers create an office or den room without a closet to avoid extra building fees; check with the local planning department to see if you might have to pay extra when adding a closet to a room that doesn't have one.
Average Costs. In general, remodeling an attic into a bedroom can cost between $40,000 and $90,000. According to Hanley Wood, a real estate media company, the 2008-2009 national average cost to build an attic bedroom in the U.S. was $48,393.anley Wood reported that the average U.S. attic bedroom remodeling in 2008 and 2009 achieved a resale value of $35,694, about 74 percent of the $48,398 project cost.