My first job I helped on audits of some Habitat Co buildings
by sprack (2024-01-23 11:34:14)
Edited on 2024-01-23 11:45:21

In reply to: I will have to go back and look at the info I had...  posted by Kbyrnes


McHugh Construction was our largest client, and they partnered with Habitat in construction of some high rent apartment buildings in the city (or something like that). In any case we did some audits relating to ownership of those buildings.

This was before the Tax Reform Act of 1986, so it was even more "open" than it is today for taking investment losses on real estate to reduce taxes.

The most interesting thing was the list of investors. Three I remember specifically in some of the buildings were Jerry Lewis, Buddy Hackett, and Sammy Davis, Jr. I can tell people that now, but back then my boss said not tell anyone who the investors were, and he meant *anyone* outside the firm, friends, family it didn't matter.