Appraisal Witness: Qualified Expert

Appraisal Witness: Qualified Expert

Expert Appraisal Witness Testimony

Expert appraisal witness testimony can make the difference in winning the case against your opponent. After finding someone do you believe to have specials deals or knowledge in the appraisal field of your case, several aspects of this expert witness needs to be addressed.

Here are seven expert appraisal witness characteristics that are needed in the testimony for your case, that will lead to a win:

    1. 1. Professionalism–An individual appearing before the court as an expert appraisal witness must have a professional appearance, professional attitude and display professional conduct.
      2. Knowledgeable– the testimony of an expert appraisal witness must display in-depth knowledge of the subject matter. This knowledge will always be portrayed by the individual that has years of experience appraising in the field that requires your expert appraisal witness testimony.
      3. Preparedness– When you receive your accredited appraisal, you’ll have your first clue as to the depth of this appraiser’s report. The appraisal report should have all references that will be needed to defend the appraisal report, should litigation arise. Beware if the report seems incomplete, short or inconclusive. If you have any doubts about your appraisal report, resolve these issues at the time you receive the appraisal report. The appraisal witness should be able to defend, explain and consult with you on all aspects concerning his appraisal report.
      4. Unbiased– The appraisal report that you request must be completely unbiased. The appraiser that compiles the appraisal report must be completely unbiased. The testimony that your expert appraisal witness surrenders must be completely unbiased. This characteristic is paramount your case is to be successful. An unbiased appraiser may be called upon to compile an appraisal report for both parties.
      5. Thoroughness– a knowledgeable professional who is prepared through their experience, their training and who has done their due diligence regarding the appraisal for this case and has documented their methods for appraisal and their references, can be relied upon to deliver an accurate testimony on which the trier’s of fact can understand and depend upon the appraiser’s opinions.
      6. Credibility The credibility of an expert witness requires that the witness not be partial or adversarial, that his credentials are impeccable, and the truth. The opposing counsel will attack this characteristic, the hardest to impeach an expert appraisal witness.
      7. Honesty– the smallest untruth fractures, the entire testimony. The weight given a appraisal witness is always greater in believability, if they are consistently truthful throughout the entire litigation process. Honesty cannot be compromised by an expert appraisal witness.

Durkin Valuation Associates bring 30 years of experienced together in 7 Senior Professional Appraisers with a combined 70 years of valuations. Call us at (617) 720-0332.

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

cforms contact form by delicious:days


appraisal witness,witness testimony

Technorati Tags: ,

Be Sociable, Share!

Leave a Reply


IRS Public Auction | Legals  Rutland Herald

IRS Public Auction Sale July 18, 2019 12.00 PM 6852 U.S. Route 4 Unit C-7 Mendon VT 05701 Real Property, Condominium 2 Bed 1 Bath 960 SF Minimum Bid ...



Porter County official given probation for failing to supply information to IRS  Chicago Tribune

The Porter County assessor will serve a year on probation for failing to supply information to the IRS from his personal appraisal business.



Selling an inherited house to a relative will affect tax treatment  Los Angeles Times

The IRS won't let you take a capital loss on a house sold for a favorable price to a family member.



DC Circuit rules IRS can deny a charitable deduction due to an incomplete form  JD Supra

The US Court of Appeals for the District of Columbia affirmed the Tax Court's denial of a $33 million charitable deduction claimed by RERI Holdings LLC ...



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.



BBG Launches Due Diligence Services For Opportunity Zone Projects  PRNewswire

DALLAS, June 5, 2019 /PRNewswire/ -- BBG, one of the nation's largest and fastest growing commercial real estate due diligence firms, today announced that it ...



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.



IRS Finally Issues New Regs for Charitable Gift Appraisals  WealthManagement.com

The Internal Revenue *Service* recently issued final regulations that make changes in the substantiation rules governing cash and non-cash gifts.



Denial Of $33M Deduction That Yielded $2M To University Of Michigan Upheld On Appeal  Forbes

Disallowance of $33 million deduction that netted $2 million in cash to University of Michigan upheld by DC Circuit.



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.



Why Agency Perpetuation Does Not Usually Work  Insurance Journal

Most agencies are not run as businesses. Most are run as a lifestyle. Lifestyles are personal, so perpetuation is not possible. Only true businesses can.



A Beginner’s Guide to Renting Out Your House  Yahoo Finance

Renting out your house can open up a new stream of income and tax breaks. But it also adds another layer of responsibility. You'll need to stay on top of repairs, ...



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 ...



IRS changes maximum-vehicle-value rule  Journal of Accountancy

The IRS revised its maximum-vehicle-value rule for personal use of an employer-provided vehicle for 2019 for both the cents-per-mile rule and the ...



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.



How Do You Determine the Cost Basis of an Inherited Property If There Was No Appraisal?  ElderLawAnswers.com

If a property appraisal was never obtained when a parent died (2016), how can we determine the cost basis in order to calculate the capital gains taxes?



Real World Use of Average Income Test Option Sheds Light on its Applicability  Novogradac

Blog article about the applicability of the average income test.



Are you in the path of tornadoes? Trump’s tax reform changes your deduction options  MarketWatch

There's one major caveat to the kinds of deductions you can make from big storms.



Selling mom’s house may require an appraisal first  Los Angeles Times

Dear Liz: My mother recently passed away. The title to her home was held in the family trust. My siblings and I are in the process of clearing out the house in ...



The secretive panel of art experts that tells the IRS how much art is worth  The Washington Post

Art sales and donations generate millions of dollars in tax revenue and tax write-offs. Figuring out the value of art can be hard.



Federal lawsuit claims Baldwin appraiser gave 'sham' valuations  Lagniappe

Gabriel Tynes joined Lagniappe in January 2012 as a web editor and reporter. He was promoted to assistant managing editor when the paper became a weekly ...



It took 6 years to uncover the college admissions scandal, here’s what the IRS and Congress can do better next time  Brookings Institution

The college admissions bribery scandal revealed serious moral failings of its participants and has sparked a much-needed appraisal of admissions practices at ...



Land conservation tax incentives should inspire charitable giving, not loopholes | TheHill  The Hill

Our nation's tax code encourages charitable giving. It does so reasonably and rationally by allowing taxpayers to deduct the value of what they are donating from ...



Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father  New York Times

The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today's dollars from his ...



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 ...



IRS expands relief from underpayment penalty  Journal of Accountancy

The IRS announced on Friday that it is amending Notice 2019-11 to lower the amount of tax that an individual must have paid in 2018 to avoid the underpayment ...



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.



Government shutdown would halt many IRS operations  Journal of Accountancy

Funding for many government agencies is scheduled to expire at midnight on Friday, which would trigger a partial shutdown of the federal government. The IRS ...



Service businesses that qualify for the 20% QBI deduction  The Tax Adviser

This article discusses the limitations that apply to specified *service* trades or businesses.



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 ...



NOONAN | Pending bill on conservation easements is a step in the right direction  coloradopolitics.com

The state's conservation easement program took off in the 1990s and shifted into overdrive in the 2000s. The program gives income tax credits to landowners ...



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.



What Does “Qualified Appraiser” Mean?  WealthManagement.com

What do they do and why do your clients need one?



IRS issues updates on post-shutdown activities  Journal of Accountancy

The IRS posted guidance for the public explaining how it will be operating now that the shutdown has ended, to catch up on its backlog in audits, collections, 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.



IRS explains disallowance of qualified transportation fringe benefits for parking  Journal of Accountancy

In Notice 2018-99, the IRS, responding to questions from taxpayers, provided guidance about how to determine the amount of parking expenses that is ...



Procedure for obtaining EINs to change May 13  Journal of Accountancy

Beginning May 13, the IRS will accept employer identification number (EIN) applications only from individual taxpayers who have either a Social Security ...



Identity protection PIN program expands  Journal of Accountancy

The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.



Safe harbor issued for valuing pro sports trades  Journal of Accountancy

The IRS will permit professional sports teams that trade player contracts to recognize zero gain if both parties to the exchange adopt the safe harbor and do not ...



Aretha Franklin Estate Gets Tax Advice From Prince and Michael Jackson Estates  The Blast

Aretha Franklin, Prince and Michael Jackson are all coming together — or at least their attorneys are — as the estate for the Queen of Soul works to figure out ...



IRS sets start date for tax season, will issue refunds during government shutdown  Journal of Accountancy

The IRS announced Monday evening that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the ...



15 Questions Answered about Flood Damage  The CPA Journal

In Brief The 2018 hurricane season has already brought two devastating storms, with Hurricane Florence causing major flooding in the Carolinas and.



Billion-Dollar Tax, Penalty And Interest Charge Against Exelon Upheld By Seventh Circuit  Forbes

Exelon's 1999 like-kind exchange disallowed by Tax Court with decision upheld by Seventh Circuit. Blessing of two Big 4 accounting firms did not avoid $87 ...



Tax treatment of state and local tax refunds clarified  Journal of Accountancy

The IRS issued guidance on the tax treatment of state and local refunds now that taxpayers are limited to a $10000 deduction on their individual tax returns.



A Look at the Secret Panel That Helps the IRS Value Artworks So Collectors Don’t Cheat  artnet News

To value taxpayers' art bequests and donations, the IRS relies on a special panel of art experts known as the Art Advisory Panel.



IRS Penalizes Plan Of Minister To Donate House To Ministry While Continuing To Live There  Forbes

Optometrist preacher who tried to take charitable donation for house in which he continued to live penalized by the IRS. Tax Court approves.



Increase land conservation with improved legislation | TheHill  The Hill

In a rare but commendable act of bipartisanship earlier this year, Congress came together to pass the largest public lands package in a decade, which included ...



The Taxation of Cryptocurrency  The CPA Journal

Bitcoin and several rival forms of cryptocurrency experienced record-breaking growth in recent years, leaving many investors and their CPAs grappling with.



EcoVest Wraps The Green Flag Around Tax Shelter  Forbes

Acceptance of valuations based on hypothetical developments may save EcoVest from the wrath of DOJ.



Why A Wealth Tax Has No Chance  Financial Advisor Magazine

Forget all the arguments about whether or not a wealth tax on the ultra-affluent is constitutional. There's a far more basic, logistical reason why a wealth tax will ...



2019 inflation-adjusted vehicle depreciation limits and income inclusions issued  Journal of Accountancy

The IRS provided the limitations on depreciation deductions for passenger automobiles first placed in *service* in 2019 and the amounts of income inclusion for ...



What to look for in a personal-property appraiser  Washington Post

You can't go to a single governing body or licensing authority for help. There are none overseeing this field, leaving the burden of due diligence on the ...



Use This Storytelling Checklist To Ace Your Performance Review  Forbes

By telling a brief story, you can influence the details your manager remembers. You want your manager not only to have a good impression of your performance, ...



The IRS Wants to Use Mobile Tech to Collect Overdue Taxes  FedTech Magazine

The revenue *service* is seeking industry input on mobile applications and payment devices to process back taxes.



AICPA asks government to issue more QBI deduction guidance  Journal of Accountancy

The AICPA asked Treasury and the IRS to issue additional guidance on Sec. 199A beyond the recently finalized regulations and a proposed revenue procedure ...



Conservation Manager Wants Out Of $2B Tax Fraud Case  Law360

A Georgia federal court should dismiss a real estate investor from a $2 billion conservation tax dispute because she did not appraise property, the activity that ...



How the Government Shutdown Is Affecting Lending  Appraisal Buzz

On December 22, 2018 the U.S. entered the second federal government shutdown of 2018. The public did not know at the time that this shutdown would last for ...



Guidance proposed on FDII and GILTI deductions  Journal of Accountancy

The IRS issued guidance on determining the amount of the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income ...



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 ...



Some individual taxpayers get relief from underpayment penalty  Journal of Accountancy

The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of the tax shown on their 2018 tax return.



Did the Trump family evade or avoid taxes? The difference matters.  Vox.com

Donald Trump's family avoided taxes, but did they evade them? We asked an expert why the difference matters.



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 ...



Bonus depreciation safe-harbor rules for vehicles issued  Journal of Accountancy

The IRS issued a safe-harbor procedure that taxpayers may follow for determining the deduction for depreciating passenger vehicles when they are eligible for ...



Distribution by former S corporation is part dividend  Journal of Accountancy

The IRS ruled that a distribution to the sole shareholder of a C corporation was partly a recovery of the former S corporation's accumulated adjustments account ...



Land donations may not result in desired tax benefit  The Tax Adviser

Is there a hidden agenda with contributing parcels of land to the government, or is it always out of the kindness of someone's heart? To facilitate a large ...



Meals continue to be deductible under new IRS guidance  Journal of Accountancy

The IRS issued guidance on the deductibility of meal and entertainment expenses after the modification of Sec. 274 by the TCJA.



Tax Reform Eliminates Deductions for Work Expenses, Mileage  CPAPracticeAdvisor.com

Effective for 2018 through 2025, the TCJA completely eliminates the Schedule A deduction for miscellaneous expenses. This change can be especially harmful ...



First-year challenges of TCJA implementation require broader penalty relief  Journal of Accountancy

As the first filing season that implements the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, moves forward, many taxpayers are becoming ...



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 ...



Qualified transportation fringe benefit and loss of deduction under tax reform  The Tax Adviser

The IRS released Notice 2018-99 providing further guidance on determining the loss of the deduction under certain qualified parking fact patterns.



Final regulations govern Sec. 965 transition tax  Journal of Accountancy

The IRS finalized regulations on Wednesday on the Sec. 965 transition tax, which was added to the Code by the law known as the Tax Cuts and Jobs Act, P.L. ...



Durkin's last hurrah! Ways to improve appraisal profession - by Roger Durkin  New England Real Estate Journal Online

Roger Durkin, Durkin Law PC One last blast about what appraisal associations and individual appraisers should be doing to improve the appraisal prof...



Estate and gift exclusion clawback addressed in proposed regs.  Journal of Accountancy

The IRS addressed issues and made conforming revisions arising from the temporary increase in basic exclusion amount for estate and gift tax enacted by ...



Business Corner: Kathy Poppers—Fine Art Appraisals  Malibu Times

In the wake of the Woolsey Fire, if you need expertise in appraising your fine art that suffered a total or partial loss (or even smoke damage), Kathy Poppers of.



Deducting Disaster Losses on Your Tax Return  Kiplinger's Personal Finance

The new tax law changed the rules. Now you can take a casualty loss deduction only if your home is in a federally declared disaster area.



How to Save Money on Mortgage Fees  ConsumerReports.org

Mortgage fees—for title searches and insurance, surveys, bank attorneys, appraisal, and other costs—can add significantly to the cost of getting a home loan.



Big Win for REALTORS® on IRS Guidance for 20% Income Deduction  Speaking of Real Estate

If you were tuned to the news Aug. 8 you might have heard the IRS released proposed regulations on the new 20 percent business income deduction for pass ...



Lawsuit says nonprofit Second Chance misled consumers  Baltimore Sun

A Bethesda couple allege in a lawsuit that Baltimore-based nonprofit Second Chance misled them into believing they would benefit from significant tax refunds ...



What The New York Times Got Right (And Wrong) Regarding Fred & Donald Trump  Forbes

The New York Times has done a detailed investigation into the transfer of money and property by Fred Trump and his wife to Donald Trump and his siblings.



Six Questions IRS Needs to Answer About Crypto Tax  Cryptonews

The U.S. Internal Revenue *Service* (IRS) is known for their undecided stance towards cryptocurrencies - other than the fact that they should be taxed, nothing ...



IRS issues 2018–2019 per-diem rates  Journal of Accountancy

The IRS issued its annual update of the special per-diem rates for business travel away from home from Oct. 1, 2018, through Sept. 30, 2019.



Just How Valuable Are Life Settlement Appraisals?  ThinkAdvisor

One challenge to measuring the value of a life insurance policy is knowing just what ought to be measured.



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 ...



The Billion-Dollar Loophole  ProPublica

The most generous charitable deduction in the federal tax code is being manipulated to make big profits — and there's no sign that Congress has any intention ...



How Crypto Is Taxed in the US: A Taxpayer's Dilemma  Cointelegraph

Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose ...



Fannie Mae releases new policies for originations during government shutdown  HousingWire

Mortgage giant Fannie Mae released guidance Wednesday with new policies on how lenders can originate mortgages during the government shutdown.



Where to Find Tax Day Food Specials in San Antonio  San Antonio Current

Tax Day — yes, today is April 15 — is not a fun time for most Americans, but there's no reason you should miss out on local meal deals. Here's a few restaurants ...



Social Security wage base set for 2019  Journal of Accountancy

The Social Security Administration said that the amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax for 2019 will be $132900, ...



Tax expert calls for more IRS enforcement funding | TheHill  The Hill

Tax policy expert Alexandra Thorton called for more funding for IRS enforcement in an interview on Hill.TV's "Rising" on Tax Day.



Initial guidance issued on Sec. 83 private company equity grants  Journal of Accountancy

In response to requests from taxpayers and employers, the IRS issued Notice 2018-97 on Friday to provide initial guidance on new Sec. 83(i), which was added ...



IRS guidance clarifies personal exemption deduction for certain health-care related tax purposes  Journal of Accountancy

The IRS on Thursday explained how taxpayers who may be eligible for the Sec. 36B premium tax credit or who may have to pay the Sec. 5000A ...



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 ...



Appraisers - 2018 in the Rearview, 2019 Ahead  Appraisal Buzz

In 2018 appraisers charged into the new year with the same level of enthusiasm that had been prevalent over the previous several years due to the high volume ...



An Oakland school upped spending after a $2.8M donation of Chinese paintings. Then came the appraisal  San Francisco Chronicle

When a small Oakland school with renowned music program got a surprise donation of Chinese art valued at $2.8 million, they started spending the windfall.



Proposed rules would curb avoidance of SALT deduction limit  Journal of Accountancy

Here is what practitioners need to know about the IRS's proposed rules that would curb the deductibility of charitable contributions that qualify for state and local ...



How Art Can Blow Apart Your Estate  Barron's

Your Jeff Koons could destroy your estate plan and leave your heirs shell-shocked and scrambling to pay bills. That's because the Internal Revenue *Service* is ...



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 ...



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,


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