Skyline Appraisal Services LTD - Estate Tax Purposes

For estate tax purposes, proposed IRS tax regulations (26 CFR Part 1) require taxpayers to obtain a qualified appraisal on real property by a qualified appraiser. The proposed regulations state that a qualified appraisal means an appraisal document that is prepared by a qualified appraiser in accordance with generally accepted appraisal standards. General accepted appraisal standards are defined in the proposed regulations as the substance and principles of the Uniform Standards of Professional Appraisal Practice (U.S.P.A.P.). Our appraisals always conform to U.S.P.A.P.

Additionally, there are occasions when you may be required to obtain a retrospective appraisal (an appraisal with an effective date from the past). This might be slightly more expensive depending upon how far back you need it to go and/or if significant improvements have been made to the property since that date, but do not let an appraiser gouge you in price. It is typically not that difficult and Skyline Appraisal Services has historic data readily available.

Robert Virsinger, CSA-R – Certified Appraiser #45000017123