Appraiser Support and Training Tips
Remember when the IRS released a new version of IRS Publication 561 – “Determining the Value of Donated Property”? It was back in February, and it was easy to miss as COVID19 became part of our lives.
If you have not studied it in detail, it’s time to take closer look.
I won’t describe all the changes, but you might find the penalties section of special interest, as well as how the IRS defines a qualified appraiser.
Also – Check out page 8 under the “Appraisals” section. I love this quote: “The appraiser’s opinion is never more valid than the facts on which it is based; without these facts it is simply a guess.”
Want to learn more about how to avoid the potholes and traps when writing charitable contribution appraisals? Then check out the NAC Inner Circle Appraiser website. InnerCircleAppraiser. and call me at (908) 459-5996.
Stay safe and healthy,