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.
1 Expanding an existing closet by moving walls and adding new lighting and other features takes about 15 hours and $1,000 worth of supplies; hiring someone to do the work adds another $1,700, for a total cost around $2,700, according to DIYNet.com. Not getting the proper permits could cause problems when it's time to sell the house. 2  Generally a walk-in closet is a minimum of six feet by six feet, and walk-in closets often need both lighting and a fan for ventilation.