Qualified Appraiser

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Dictionary Says

Definition of 'Qualified Appraiser'

An individual who has earned an appraisal designation from a professional appraiser organization, or has met minimum education and experience requirements in the subject matter in which he or she issues appraisals. A qualified appraiser performs appraisals on a regular basis, and receives compensation for his or her work. The professional must not be prohibited from practicing before the Internal Revenue Service (IRS).
Investopedia Says

Investopedia explains 'Qualified Appraiser'

Qualified appraisers are required by the IRS to appraise any piece of property valued at $5,000 or more on which a taxpayer requests a tax deduction. Because qualified appraisers are more experienced and knowledgeable about a particular type of property, the IRS uses them in order to ensure that the taxpayer is not overstating the value of the donated property. A qualified appraiser must perform an appraisal based on generally accepted appraisal standards.
Search results for

'Qualified Appraiser'

  • Deducting Your Donations

    http://www.investopedia.com/articles/pf/06/CharitableDeductions.asp
    ... for an item or for a group of similar items (such as paintings, stamps, coins or
    books), you must also get a written appraisal from a qualified appraiser. ...

  • Pre-Qualified Vs. Pre-Approved - What's The Difference?

    http://www.investopedia.com/articles/basics/07/prequalified-approved.asp
    ... The bank may also require more information if the appraiser brings up anything he
    or she ... Pre-approved and pre-qualified are not the same thing, so don't assume ...

  • 7 Steps To Selling Your Small Business

    http://www.investopedia.com/articles/pf/08/sell-small-business.asp
    ... The appraiser will draw up a detailed explanation of the business's worth. ... copies
    of these documents to distribute to financially qualified potential buyers. ...

  • Is An ESOP Right For Your Business?

    http://www.investopedia.com/articles/pf/07/esops.asp
    ... tax, but they can roll the money into an IRA, or other qualified plan, and ... share
    price cannot exceed its fair market value, as set by an independent appraiser. ...

  • Avoid An Audit: 6 "Red Flags" You Should Know

    http://www.investopedia.com/articles/pf/07/avoid_audits.asp
    ... from the 30% and under rule mentioned above, consider having an appraiser write
    a ... If possible, have a qualified accountant and/or tax attorney represent you. ...

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