It's my understanding that public comment closed last April concerning the accounting treatment of and the equities in option contracts under a proposal by the FASB, and that the IRS will be adopting changes being phased in next year and to 2017.

It's the ethical thing to do.For what it's worth you may want to try and file an Errors & Omissions claim against your insurance company or the agency who wrote the policy.

I would not call myself efficient at any of these but you will not find someone with a better work ethic.

I'm not a CPA, so don't take this as an authoritative answer, but my impression is that in most cases a real estate asset held at least one year should be eligible for capital gains treatment.    

Transparenc, honezty and ethics are the foundation of REI (and life in genetal) in my opinion.  

I'm pretty sure that in both cases, if I wanted just the termite inspection for some reason, I could have paid a lower fee and gotten that.Keep in mind that I'm very new to this, but my thinking goes as follows: If you know the house needs (say) $50K of rehab otherwise, and you have to open up enough of the walls or floors that you'll probably see any damage that is already there, then skipping the inspection and maybe having to spend another $2K on treatment if you find damage is probably not such a big deal. 

If FB is reading and they are legit, and they want to improve, my advice is tone down the high pressure sales closing tactics (pitch level is fine, just have some ethics about closing it) and provide better transparency to what you are selling.

If the CPA is even talking about the Tax Court's treatment of something, that would be legal advice and improper.

Per the mitigation firm, the mold is contained to the crawlspace, with no indication it is in the living space.Environmental Services said that he feels that the home is safe to stay in since the mold is 1) in the crawlspace, 2) there is a plastic tent over the access trapdoor, 3) the furnace is not located in the crawlspace, 4) the mitigation company has established negative air pressure in the crawlspace 5) as well as using anti microbial treatments and 6) water remediation efforts.I consulted with a real estate attorney.  

Now I want to be part of a ethical team of pros to flip property in this great market.