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.
Building a reach-in closet will cost about $1,000 to $2,500, depending on the design. The simplest construction includes a single rod to hang clothing. But, with the right accessories, you can make your reach-in almost as functional as a walk-in. For example, add wires or mounting systems for more storage options.