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 Cut-and-install-it-yourself closet systems run about $200-$400 for an 8-10 foot reach-in closet and $300-$600 for a slightly larger walk-in version; costs can go higher if you order additional organizing units. Remember that hanging clothes need at least 24 inches of depth and the minimum shelf depth for folded clothes is 12 inches but most people prefer 14-16 inches for sweaters and other bulky items. 2  For walk-in closets, be sure there's adequate room to move around without feeling cramped.