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IRS Appraisals

Federal Government Art Appraisals

Alexander Appraisal and Estate Services can guide you through the IRS Appraisal process. We will help you submit a self-contained fair market value appraisal that conforms to IRS regulations.


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IRS Art Appraisals

Many clients may find the need to obtain an accredited appraisal in order to satisfy the requirements set forth by the IRS.

We Can Assist You with a Federal IRS Tax Appraisal

Our staff of qualified appraisers adheres to strict guidelines regarding the submission of formal appraisals to the federal government.

CHARITABLE DONATIONS:
If you are considering making a tax-deductible, non-cash charitable donation valued at above $5,000, your contribution must be appraised by an IRS qualified appraiser. If the item to be claimed is valued at more than $20,000, the IRS requires, in addition to a qualified appraisal, an IRS form 8283, a portion of which must be completed and signed by the appraiser, and submitted to the IRS by the taxpayer.

Alexander Appraisal and Estate Services can guide you through the process. We will help you submit a self-contained fair market value appraisal that conforms to IRS regulations.

(http://www.irs.gov/instructions/i8283/index.html)

   

GIFT TAX:
Personal property valued less than $13,000 can be gifted to individuals without tax consequences. Personal property valued at greater than $13,000 cannot be gifted without a qualified appraisal to substantiate the value of the property for tax purposes.

   


CASUALTY LOSS:
Natural disasters, including hurricanes, floods, tornadoes, and fires, or man-made disasters such as robbery or theft, generally require additional coverage beyond what your homeowner’s policy may provide. However, should disaster strike, you may be able to deduct your loss from your federal income tax.


Alexander Appraisal and Estate Services can assist you with this difficult process by providing a qualified appraisal report in the required format and with proper documentation. 

Contact us today to discuss your Federal Government/IRS appraisal needs.