Both real and personal properties which are offered as non-cash contributions to charities require appraisals in order to qualify as Internal Revenue Service (IRS) charitable deductions. Charitable Contribution Appraisals must be prepared in accordance with IRS guidelines in order to qualify as acceptable for Charitable Contribution income tax deduction. Appraisals must adhere to the IRS definition of Fair Market Value. The appraiser must execute the necessary paperwork (IRS form 8283) required by the IRS, which must be submitted with the donors tax return.
ELLIOTT® & Company Appraisers offers Charitable Contribution Appraisals throughout the United States. Please contact us to discuss how we may be of service to you.