@Bret Hudson: I've been a heavy user of both websites you mention and I find your comment interesting.

Only in an analytical way.In case you don't read my full post, I want to respond to your comment about legality right here. 

To update my December 4 comment: The filing requirement is back on as of December 23, after an appellate court ruling.

Hello Rashid Ghafoor:I found your comment interesting and would like to know more.

@Michael Plaks comments in this recent post on making sure the person you hire understands real estate sounds really relevant to your situation.  

@Mark Forest the comments above that you’ve lost, or will lose, all or a significant portion of your investment may or may not be true.  

I called them back around an hour later and they immediately answered.We had a good conversation about some of my comments.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Besides putting together the best SOW using accurate/actual quotes as @Peter Mckernan and @Alan Asriants commented above, another key aspect is tracking expenses (bookkeeping) and monitoring the budget throughout the project. 

FCI only comments I have heard is they nickel and dime you to death.