Art Appraisals for Donation
Charitable Contribution Appraisal – A non-cash contribution for tax credit purposes
When a work of art with a value over $5000.00 is to be donated to a non-profit 501(c)3 cultural institution (ie. museum), a charitable contribution appraisal is required by the U.S. Internal Revenue Service for tax purposes. This appraisal will provide information including the documentation of the appropriateness of the donation, thereby substantiating the tax deduction. The document is prepared to conform to IRS requirements and to the Uniform Standards of Professional Appraisal Practice (USPAP).
Uniform Standards of Professional Appraisal Practice (USPAP)
I keep current with Uniform Standards of Professional Appraisal Practice USPAP testing so that I am always up to date and aware of changes in USPAP regulations. This qualifies me to provide appraisal services for donations of artwork, and to generate IRS tax forms 8283, for my clients.
For the most up-to-date IRS regulations, forms and publication, you may visit www.irs.gov. This link does not imply a relationship to, or recognition, approval or sanction of this appraiser by the IRS; rather, the link is simply provided as a convenience mechanism for the taxpayer’s ease of reference. Furthermore, there is no marketing relationship between this appraiser and the Internal Revenue Service.
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