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Digital Provenance
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Publisher
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Transcription
^Sjfcteraents-Regular-Profit and Loss V w-/~j_ *L- x- M3 7 UO'l'V' los Angeles, Calif., JUL 16 1Y 208 Mr. W. R. Bracken: Referring to your letter of June 18, 1929, submitting affidavits in support of valuation of property as of March 1, 1913, sold to James Williams and Lloyd R. Hile. We have been advised that the Income Tax Bureau pays little or no attention to affidavits of our officers giving retroactive opinions of land values as of March 1, 1913; therefore, the opinion expressed in future affidavits in support of 1913 valuations prepared by you 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. Please acknowledge receipt and prepare revised affidavits in support of March 1, 1913, value of this property as outlined ab o ve.
