This is the second half of an article on the consequences of the Internal Revenue Service’s new and significant enforcement initiatives that specifically target abusive tax-related appraisals and the individuals who prepare them. Read the first half here in a previous post. Authors are Jay Fishman, FASA, Business Valuation Review Editor and Chairman of the…Read More
IRS Targets Abusive Tax-Related Appraisals
I thought I’d pass along some information about the IRS strategy for Estate Tax Returns and their related appraisal. The moral of the story is to hire a qualified appraiser and save a lot of trouble. Because this article is so long, I’ve broken it into 2 separate posts. The second half will post next…Read More
Qualified Appraisers, ASA & the IRS
An explanation of IRS standards for qualified appraisers, written by NorCal ASA president Bob Lentz, originally published in the Sept 2010 newletter for the NorCal ASA chapter. Read More
Why You Need a Qualified Appraiser
Why your machinery and equipment appraiser must be an unbiased trained and knowledgeable professional who provides a report supporting an impartial opinion of value based on expert knowledge, adjusted comps and market research, in line with USPAP guidelines, ethics and appraisal procedures. Read More