I think in ACT, it is like that.  The vendor provide the reports and recoup the cost when sell. The report is done by independent company.  I think it is better for buyer, saving the cost and time.

Can you please post in which company you are referring to that setting up this kind of product?

The product sound dodgy.  Agree with jazamite. You should get private ruling. But from the sound of the product you explain, I beleived it's hard to pass the ruling.

This forum is very informative.  I am going to have a meeting with Custodian consultant in a week time.  Information in this forum is going to really help me anchor my emotion when talking to a smooth salesman.   I think JLF theory is sound, from reading his book. I also read Steve McKnight book, he is going into much much more area, and det…[Read more]