Appraisal Witness: Qualified Expert

Appraisal Witness: Qualified Expert

Appraisal Witness Frequently Asked Questions

Appraisal Witness FAQs

What is an appraisal witness?

    An expert appraisal witness is an appraiser who is accredited, compliant with the latest government USPAP rules and laws, an expert who has testified in litigation environments (deposition, courtroom, mock trial, and administrative hearings) and has been deemed by the Judge to qualify to testify on matters pertaining to appraisals. An appraisal witness is a person that has specialized training, education, or experience that has allowed them to develop skill or knowledge in valuations, so that they can form an opinion that will help the fact finders of the case.

What is an accredited appraiser?

    An accredited appraiser is a person who has fulfilled their qualifications to be an appraiser through experience, education or specialized training and has successfully completed the government-sponsored 15 hour USPAP course and passed the USPAP test with at least a 70 point score.

What is a certified appraiser?

    A certified appraiser is usually a real estate appraiser that is licensed by the state in which they reside. A certified appraiser is seldom qualified to appraise personal property.

When would I need an accredited appraisal?

  • You should always seek an accredited appraisal, if there is the slightest chance that the value of the assets appraised will be contested or that the appraisal will appear in court and need to be defended.
  • You will need an accredited appraisal, if you deal with the IRS or any government agency that will review your appraisal.
  • You will need an accredited appraisal, if a bank or lending institution will use the appraisal in conjunction with the lending of moneys.
  • You will need an accredited appraisal in the case of divorce, mergers, partnership dissolution, liquidations and for the valuation of machinery and equipment of public corporations each year, such as power and light companies.
  • All donations that exceed $5,000, will require an accredited appraisal attached to your tax return to qualify as a legitimate deduction.

What kind of appraisal, do I need to satisfy the IRS?

    Only an accredited appraisal will be excepted for the IRS and all Federal government agencies.

Can I get an appraisal from my CPA or auctioneer?

    You can get an estimate of value from any person or authority of your choice. However, to get an appraisal from any person who by law holds themselves out to be an appraiser, this individual must meet the federal qualifications of accreditation and must have taken the government 15 hour course and passed the government USPAP test within the last two years.

What are the new laws that apply to appraisers?

    Federal rules of evidence 702 require that each individual that qualifies as an appraiser must have met the specialized training, education or experience requirements, and must have taken the 15 hour current USPAP course and passed the test. Individuals that hold themselves out as appraisers without these qualifications can be fined $5,000 and a percentage of the over or under valued items appraised.

What is the difference in a real estate and personal property appraiser?

  • A real estate appraiser is licensed to appraise homes, commercial buildings and land. A residential appraiser usually charges $300- $350 to appraise the house and lot.
  • Personal property appraisers are accredited to appraise tangible and intangible objects that are usually movable and require different qualifications to appraise than land and buildings. An example of personal property, would be antiques, machinery and equipment, businesses, vehicles, paintings, coins & gems, logos, trademarks, copyrights, client lists, intellectual properties, boats, pension plans, trusts, annuities, stocks & bonds, collectibles, professions (attorney, doctors, CEOs), careers(actors, comedians, models, professional sports etc.), timber, animals, guns and all chattel. If you can think of an object that is tangible or an intangible item that can be owned that is not included in this list and that does not include land or buildings that are secured to the land, then it also qualifies as personal property. The personal property appraiser usually charges $175-$500 an hour.

Durkin Valuation Associates have the experience, 70 combined years, the accreditation, 2012 -2013 USPAP compliant, and continued education, ASA, NAPA & NAA to exceed all of your appraisal needs including testifying as an expert appraisal witness should your appraisal need irrefutable defense. Call us at (617) 720-0332. Or contact us at:

Expert Appraisal Witness
  1. (required)
  2. (valid email required)
Please answer the Human verification question.
 

cforms contact form by delicious:days


appraisal faqs,accredited appraiser,Appraisal Witness

Technorati Tags: , ,

Be Sociable, Share!

Leave a Reply


This Failed Trump Golf Course Is Now a Dilapidated New York State Park  Fortune

When Donald Trump bought 436 acres in upstate New York two decades ago, he envisioned adding two new championship golf courses to his collection.



A Failed Trump Golf Course Is Now a Dilapidated State Park – but Is It Worth $26.1 Million?  TIME

Donald J. Trump State Park is what New York calls a "passive park," meaning it has no trails, picnic tables or other amenities.



A Failed Trump Golf Course Turned Into a Dilapidated New York State Park  Bloomberg

When Donald Trump bought 436 acres in upstate New York two decades ago, he envisioned adding two new championship golf courses to his collection.



Potential pitfalls of charitable contribution substantiation and reporting  The Tax Adviser

Failure to properly complete all required fields on Form 8283, including the donor's cost or other basis, could jeopardize the entire deduction with respect to the ...



When A Bride-To-Be Threatens To Pull The Couple's Business, How Should The Owner React?  INSTORE MAG

SHIRLEY JONES WAS born and raised in Abingdon, a small New England town. She loved the town and couldn't remember a time when she'd regretted her ...



14 Tips For Making Your Charitable Gift Tax-Deductible In 2018  Forbes

A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules and ...



That prehistoric fossil in your attic may be a tax break  CNBC

Cash and stocks aren't the only items people like to give away. Antique furniture, rare paintings, fossils and even gold molars are just a few of the items donors ...



What to Expect When the IRS Alters Its Bitcoin Tax Policy  Yahoo Finance

Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for.



Final rules govern adequate substantiation for charitable contributions  Journal of Accountancy

Final regulations address how taxpayers can comply with the requirements for adequate substantiation of charitable contributions of money or property.



Giving life insurance to charity  Accounting Today

Life insurance and the associated tax issues are complicated. When you throw charity into the mix, it can get downright diabolical. It's not as much that the rules ...



Landlords Get a $173 Million Deal From City as Their Lawyer Raises Funds for de Blasio  The New York Times

The lawyer's work for Mayor Bill de Blasio may resurrect questions of whether the mayor blurs the line between city business and political fund-raising.



Colleges Are Baffled by Bitcoin Donations  Bloomberg

The University of Puget Sound got an offer it wasn't sure how to accept. A recent graduate had hit the jackpot and wanted to make a donation to the school.



Charitable Deduction Deconstruction  WealthManagement.com

There will always be reasons to be charitable. But, if your client is looking to claim a deduction, be sure she follows the rules.



Charitable Contributions and Your Taxes: What You Need to Know  The Motley Fool

If you're donating money or goods to charity this holiday season, understand the rules behind this tax deduction.



Retiree Tax Tip: Donating Items to Charity  Kiplinger's Personal Finance

Generally, the higher the value of your donation, the more records you'll need to gather.



Failure To Substantiate Charitable Contributions Costs Family $142,000 In Deductions  Forbes Now

On tonight's episode of Family Fued Fraud, we've got two cunning clans eager to prove who has the most flagrant disregard for the tax law! Let's meet our ...



When big businesses want to fight their property tax bills, Texas law hands them an easy way, critics say  The Texas Tribune

Supporters of the provision, known as equity appeals, say it's valuable for all property owners and stops taxing units from imposing unfair taxes.



Masterpiece or Mistake? A Hawaii Museum’s $7.5 Million Question  The New York Times

It was a generous gift — and one completely in tune with our cultural times. In 2018, the tech billionaire Marc Benioff donated a wooden statue of a Hawaiian war ...



Analysis | How to get a tax write-off from your home remodel  Washington Post

If you're thinking about remodeling your kitchen, bathroom or other part of your home, you might want to reconsider whether demolishing the space and sending ...



7 tax rules that apply to noncash charitable donations  MarketWatch

Thanks to unscrupulous taxpayers who once made a habit of claiming bogus charitable write-offs, the federal government has tightened the screws over the ...



Family finances: Charitable giving under the new tax law  Chicago Tribune

Changes under last year's federal Tax Cuts and Jobs Act will result in fewer taxpayers deducting their charitable donations on their 2018 returns.



2 Ways To Combine Charitable Giving And Life Insurance  Forbes

Life insurance is a valuable asset, and often, should be kept in force for the benefit of the insured and owners. However, in some cases the need for life ...



Donating a car to charity? You might want to pump the brakes  CNBC

In theory, donating used cars to "charities" helps you unload vehicles, aid a cause and lower your tax burden. In reality, it's rarely such a win-win.



Warkall will fill seat left by Coburn on Garaway BOE  New Philadelphia Times Reporter

Garaway Board of Education Monday (May 20) meetingKEY ACTION Appointed Mike Warkall to the board of education seat vacated by Rob Coburn, effective ...



De Blasio May Want to Be President. What Do His Donors Want?  The New York Times

Mayor Bill de Blasio's flirtation with a White House run has generated virtually no interest among voters. One national poll in March found that he was the only ...



Tips to Get the Best Tax Deduction on Donated Items  ConsumerReports.org

Consumer Reports explains how to claim donated items on your tax return for the maximum tax deduction.



Big money interests give to 'Schor Fund'  City Pulse

Developers, labor unions and other businesses have quietly donated nearly $170000 to a nonprofit account that funnels funds directly to Lansing Mayor Andy ...



The artist and the fundraiser  tonemadison.com

Why art for charity hurts the people who create it, in Madison and beyond.



Year-end charitable gift strategies that give a tax deduction in return  Press-Enterprise

As we approach the end of 2018, you might be thinking about making gifts to charities that support causes important to you. The contributions might be for ...



IRS Audit: Taxpayers Claim $145,000 Income Tax Deduction for Donations to Goodwill  CPAPracticeAdvisor.com

Although taxpayers can claim valuable income tax write-offs for gifts of property to charity, they should not get greedy. If a taxpayer doesn't have the proper ...



Make Sure You Have Proof to Support Your Charitable Tax Deductions  Kiplinger's Personal Finance

In an audit, the IRS may deny your charitable write-offs if you don't have a record of your contributions.



Markets News How to Donate to Charity Using Bitcoin  Investopedia

Charitable donations are not just a nobler use for your cryptocurrency than "lambo" – they're also tax-deductible.



How to Donate Books for Tax Deductions  Zacks.com

If you hate dusting off your old books and like saving money on your taxes, donating them could save you hassle and money. However, if you don't meet the ...



Want to write off your donations at tax time? Here's what to know.  The Washington Post

It's tax season. It happens at the same time every year, and yet for a lot of people, it feels like a surprise. One of the most challenging tasks, especially for a ...



Avoid an Audit: 6 "Red Flags" You Should Know  Investopedia

If history is any indicator, fewer than 1% of Americans will be audited by the Internal Revenue *Service* in the coming year. And while some of the audits are totally ...



13 Tips For Making Your Charitable Donation Tax-Deductible In 2017  Forbes Now

A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules.



Lawyer at Center of New York Real Estate Deal Has Extensive Access to de Blasio’s City Hall  Washington Free Beacon

A lawyer at the center of a controversial real estate deal between New York City and a pair of felonious landlords has what one report calls "unfettered" access to ...



Many tax-exempt organizations need not list donors' information on information return  Journal of Accountancy

To alleviate the burden on tax-exempt organizations and the IRS, the *Service* announced, with the issuance of Rev. Proc. 2018-38, that it will no longer require ...



5 Things to Know About Charitable Donations and Taxes  The Motley Fool

Many people focus on giving near the turn of the year. In addition to the holiday spending onslaught that starts with Black Friday sales events at shopping malls ...



When Charitable Donations Give Back to You: The Charitable Contribution Tax Deduction  The Motley Fool

Here are the rules and requirements of the charitable contributions tax deduction, so you can maximize your tax break the right way.



More donors give bitcoin and assets other than cash to charities  CNBC

Charitable donations can be more than cash. A growing number of people are giving noncash assets, such as bitcoin, life insurance policies and restricted stock, ...



AG tells Cedar Park no deal on tax exemption  Austin Monitor

Attorney General Ken Paxton has ruled that the city of Cedar Park is not allowed to set its minimum property tax exemption at $10,000 but must use the $5,000 ...



Everything you need to know about tax deductions for charitable donations  MarketWatch

The federal income tax rules for deducting personal charitable donations are complicated. Here's what you need to know.



The Average American's Charitable Donations: How Do You Compare?  The Motley Fool

'Tis the season for charitable giving and for tallying up the tax break that comes with it. With that in mind, you might be wondering how much money or property ...



How To Save On Taxes By Giving To Charity  Forbes: Intelligent Investing

Giving to charity is a great way to get a tax break, and do good at the same time. But the rules are tricky. Here's a guide.



5 Mistakes to Avoid When Donating Household Items | realtor.com®  Realtor.com News

If you want a tax break when donating household items, avoid making these mistakes that could send the IRS knocking on your door.



Charitable Deduction Rules for Maximizing Your Tax Return  Motley Fool

Before you claim a charitable deduction, it's important to know how much to claim, what qualifies, and red flags the IRS will look for.



Navigating the Tax Rules on Charitable Gifts  New York Times

Congress has been tightening the rules on charitable gifts for more than a decade, and following those rules is critical to getting the maximum deduction for gifts.



Before Dumping It, Consider Donating That Old Kitchen  Architectural Digest

Especially when it comes to luxury brands, there's probably a second life in those gently used appliances. Here's what you (and your clients) need to know ...



Rollarena makes a donation to help homeless kids  Tri-City Herald

Rollarena Skating Center is donating $5000 to My Friends Place.



An Appraisal: Creating a mindset about good urban design  Insider Louisville

The question we must now ask is, how can we bring back the 19th-century mindset when it comes to urban design?



Personal property assessments explained just in time for Johnson County appraisals  KCTV Kansas City

About 18000 people in Johnson County will be getting a letter in the mail Thursday assessing their personal property and how much tax will be owed.



How to deduct charitable donations on your taxes  Christian Science Monitor

It can be confusing to figure out how to list your charitable donations for tax season because different contributions have different rules. Here's how to clearly list ...



11 Tips For Making Your Charitable Donation Count On Your Taxes  Forbes

A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules.



Tax Deductions for Non-Cash Charitable Donations  NerdWallet

Most of our giving to charities is in cash, but donating household goods, food, clothing and other items can reduce your tax bill, too.



Planning and Tax Considerations for Collectibles  The CPA Journal

Many individuals have substantial investments in collectibles, such as art, stamps, coins, autographs, books, maps, baseball cards, glassware, antiques,



You can still get tax breaks for your charitable giving — here’s how  MarketWatch

Your good deeds will continue to get properly rewarded.



12 Tips For Making Your Charitable Donation Tax-Deductible  Forbes Now

Feeling generous? Here are 12 tips to keep in mind to make sure your charitable donations are tax-deductible.



Did You Donate to Charity in 2017? Here Are 4 Things You Need to Know  The Motley Fool

If you made tax-deductible donations to charity in 2017, there's more that you need to know than just the dollar amount. The IRS tends to take a closer look at ...



De Blasio's history of campaign finance scandals  City & State

New York City Mayor Bill de Blasio is no stranger to fundraising scandals, even if the allegations never fully stick. Just last week, The City reported on a ...



EMS eyes a $5000 bonus for new hires  Cleveland Daily Banner

In an effort to recruit new Emergency Medical Services personnel, the Bradley County Commission's Emergency Services Committee is recommending to offer a ...



It's Hard To Satisfy The Qualified Appraisal Requirement For A Charitable Contribution If You Appraise The Wrong Property  Forbes

Make no mistake: the IRS has been cracking down on charitable contributions. It's not that they don't want you out there giving; to the contrary, the *Service* is fully ...



A lifetime of collecting means you need to do some planning today  MarketWatch

Collectibles are often the most valuable assets in an estate. What starts out as a hobby turns into a passion and eventually becomes a lucrative investment, built ...



Big land donation includes Rappahannock River access  Fauquier Now

Fauquier County park with canoe launch on 196 acres at Waterloo could open in the spring.



Get Tax Breaks for Charitable Giving  Kiplinger Personal Finance

Charity fund-raising reaches a fever pitch in the holiday season -- and your mailbox will likely be stuffed with appeals for help. Before you open your wallet, you ...



How to Properly Claim Deductions for Noncash Donations  Kiplinger Personal Finance

A report by the Treasury inspector general for tax administration estimated that 60% of taxpayers who make noncash contributions aren't complying with ...



Can an LLC Make Charitable Contributions?  Chron.com

Each state establishes its own rules for the formation of limited liability companies, and an LLC is not a recognized business structure for federal income tax ...



Make These 4 Tax Mistakes and the IRS Could Come Knocking  Motley Fool

Taxes can be confusing, and many fear that if they make a mistake on their return, the government will sentence them to death by paperwork via an audit.



When you can take a charitable deduction, and how to do it  CBS News

The IRS has different rules for different kinds of gifts, including the documentation you need to get and keep.



McHenry County groups seek donations for Giving Tuesday  Northwest Herald

As several traditional days of spending come to a close, local nonprofits are asking their community to give back and donate to organizations with a cause.



Avoid these pitfalls to get the full tax benefit of your charitable contributions  Smart Business Network

U.S. businesses and individuals tend to be generous with their time, talents and treasures. Turning that generosity into an allowable tax deduction against ...



How You Might Be Cheating on Your Taxes  Kiplinger's Personal Finance

Whether we're pointing out frequently overlooked tax breaks, explaining how retirement income is taxed or providing tools that help you adjust your tax ...



How to Donate Land to a Charity for a Deduction  Zacks.com

For some charities, a donation of property helps them to directly achieve their mission by putting the real estate to work. For others, it's a salable asset that they ...



Charitable Contributions: Acknowledgements, Appraisals and the IRS's Strict Rules: Tax Update, Volume 2017, Issue 2  JD Supra

Tax season has begun, and it is crucial for any taxpayer claiming a charitable contribution deduction to be aware of the acknowledgment rules. Before the ...



Donors boosting charitable giving ahead of tax reform  CNBC

Provisions in the tax reform bill would make it wise to consider gifting more this year, experts say.



Legislation Underway In Texas House Would Give Property Owners Some Tax Relief Next Time Disaster Strikes  Houston Public Media

Thousands of homes and businesses lost value after being flooded during Harvey. Senate Bill 1772 would make sure that loss is reflected in a property owner's ...



The tax advantages of charitable giving  CNBC

Most Americans have upped their charitable donations this year, or should, if they want to reap the tax benefits.



Jackson city elections: The last donations are in, find out how much the candidates have raised and from who  Jackson Sun

Candidates for both mayor and city council had to submit their final campaign financial disclosure on Wednesday. The bulk of money usually spent in national ...



A harsh lesson on charitable contributions  Reuters

A California entrepreneur got a harsh lesson on the rules of charitable contributions this week when the U.S. Tax Court denied his $18.5 million deduction for ...



The Right Way to Tap Your Home Equity for Cash  ConsumerReports.org

Millions of Americans are tapping their home equity for cash. That can be risky. Consumer Reports explains what to watch out for and how to choose the right ...



Tax Benefits for Donating to a 501(c)(3)  Zacks.com

The federal tax code offers a tax deduction for contributing to charitable organizations, also known as 501(c)(3) organizations. The organizations aren't operated ...



How Clients Can Realize Tax Rewards for Charitable Generosity  Accountingweb.com

As for charitable deductions claimed on 2017 returns filed this year, the prior rules remain in place. Here are five common situations when clients may benefit ...



How To Donate Bitcoin To Charity And Get A Big Tax Deduction  Forbes

New IRS rules create paperwork problems for users of virtual currency, but also allow generous income tax deductions for Bitcoin donors.



Analysis: At the top of Texas government, three-part harmony  The Texas Tribune

The state's top leaders have been saying for weeks that they are in sync, and here's the surprise: Their initial proposals look like they are actually in sync.



How to List Goodwill Donations for Tax Deductions  Zacks.com

Goodwill Industries relies on in-kind donations of gently used furniture, clothing and household goods to stock resale centers around the nation.



Get a Tax Break for Donating Your Time-Share  Kiplinger Personal Finance

Don't pay more than a few hundred dollars in transfer fees to pass your time-share to a charity.



Assessment appeal refunds racking up in Luzerne County budget  Wilkes Barre Times-Leader

Luzerne County already spent most of its 2019 budget allocation for property assessment challenge refunds, in part due to a recent reduction for the Laurel ...



Understanding the IRS's Seven New Casualty Loss Safe Harbors  The CPA Journal

In Brief Losses from natural disasters are generally tax deductible, but taking the deduction requires properly valuing the amount of the loss. The IRS.



Generous Tax Tricks  Forbes

If you want to do well while doing good, contribute your private company stock to a donor-advised fund--not an old-fashioned private foundation.



How to Donate Complex Assets  Kiplinger Personal Finance

Expert help is required when you want to give a charity an asset such as a Web domain name or a share in a family business.



Selling schools short: Plenty of land deals, little return for kids  Houston Chronicle

Published March 7, 2019. Third of four parts. KYLE—In the spring of 2005, about 2,000 acres of rolling hills south of Austin came on the market. It was prime ...



5 Ways to Write Off a Charitable Donation  Accountingweb.com

In his continuing series on itemized deductions, columnist Ken Berry turns his attention to charitable donations. Here are five common opportunities to deduct ...



How to Value Non-Cash Donations Come Tax Time  The Dough Roller

Donating your used clothes, household items, or even vehicles is a great way to declutter. But there are special rules when it comes to deducting these items on ...



Boost your charitable giving this year, in case the GOP tax bill becomes law  CNBC

To take advantage of current parts of the tax code, consider maximizing your charitable giving this year.



Porter County assessor indicted for failing to file tax form  Chicago Tribune

Porter County Assessor Jon Snyder is accused of failing to file forms with the IRS.



Here’s how to get a tax deduction for charitable giving  Bankrate.com

You can still get a tax break for your generosity, but you may have to strategize.



OIG points to possible tax law violations at Lander Foundation  Index-Journal

Untaxed stipends and payments, questionable receipts issued for donations, and reimbursements for Clemson tickets might have flouted tax laws, according to a ...



Do Charitable Donations Trigger Tax Audits?  Zacks.com

The Internal Revenue *Service* audits a small percentage of the millions of tax returns it receives each year. Although historically the IRS has been reluctant to ...



Accounting for Donations to Non-Profit Organizations  Chron.com

Donations are the life blood of nonprofits that help them survive and fulfill their missions. Proper accounting of donations helps an organization understand ...



8 Ways to Boost ROI on Your Vacation Home  U.S. News & World Report

If you've invested in a vacation home, you have options for recouping some expenses when you're away. You've been able to deduct expenses, mortgage ...


Copyright © 2008, 2009, 2010, 2011, 2012 appraisalwitness.com All rights reserved.
http://appraisalwitness.com/