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Digital Provenance
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Publisher
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Transcription
\ Los Angeles, Calif, ~^jjq 281929 LV 208 Mr, W. R. Bracken: Referring to your letter of August 16, 1929, file W-l-2, which was in reply to our letter of August 12th in regard to preparation of affidavit in support of our Profit and Loss statement covering sales: As stated in our letter of July 16, 1929, we have been advised that the Income fax Bureau pays little or no attention to affidavits of our officers giving retroactive opinions of land values as of March 1, 1913, and we have therefore been instructed that future affidavits in support of such values should be supported by citations of actual sales, either our own or those of outside parties, of comparable property on dates close to March 1, 1913, If there are no such sales on record and the amounts involved justify the expense, affidavits should be secured from unaffiliated persons, setting forth their opinions on the basis of experience. It is absolutely necessary that the affidavits requested in connection with sales of property to James Williams and Lloyd R. Hile be furnished promptly. If you have not already done so, we suggest you take the matter up with Mr, P. R, McKamee promptly in order that undue delay will not be experienced in securing the proper affidavits. In the meantime we will show a note on our Profit and Loss statement covering these sales that affidavits will follow.
