Fwd: to create a boat file
=tatement of taxpayer's boating experience.
Cop=es of potential charterers.
Pur=hase agreement, Bill of Sale and Invoice, and all canceled checks showing =erification of yacht purchase.
Sta=ement of actions taken to investigate boat
Nam= and address of all charterers and their lease agreement.
=chedule of fees or charges billed to charters.
=opies of original loan agreements/promissory notes on financed portion of =roperty.
=nsurance policy(s) on yacht and its contents (collision and liability).
=A0 Note to examiner: Does policy cover rental=of boat?
Cop= of First Preferred Ship Mortgage.
Pr=motional materials and charter sailing brochures for yacht.
In=oices and ad copies for advertisements on availability of yacht for rental
Co=ies of any management agreements or management contracts for boat supervis=on, maintenance, or operation.
Sh=ps log(s) for engine and/or boat use.
Ma=ntenance records and service check performance records.
Ce=tificate of Origin.
Ce=tification of Documentation from U.S. Coast Guard.
Co=y of commercial captain's license.
Jeffrey-thank you; this is extremely helpful. We=had a paralegal put together a loose leaf binder but we'll use this (a= as a guide to fill in the gaps and (b) as back-up for our dialogue with Rick Bronstein of PW who is going to help us nail down corre=t tax treatment in context of our overall discussion the other day. B
Forwarded message:
From: Brad Wechsler
Date: Fri, Jun 5, 2015 at 8:36 AM
Subject: Re: to creat= a boat file
To: "jeevaca=ion@gmail.com mailto:jeevacation@gmail.com " <jeeva=ation@gmail.com mailto:jeevacation@gmail.com>
Jeffrey-thank you; this is extremely helpful. We=had a paralegal put together a loose leaf binder but we'll use this (a= as a guide to fill in the gaps and (b) as back-up for our dialogue with Rick Bronstein of PW who is going to help us nail down corre=t tax treatment in context of our overall discussion the other day. B