by Christine | Jul 16, 2014 | Art, Estate Law, Estate Tax, Tax Law, Valuation |
New rules and enforcement guidelines may render these items not only illegal to export or import, but also unsalable within the United States. Valuing artwork is never an easy task. It gets all the more tricky with antiques composed of protected materials which cannot...
by Christine | May 9, 2014 | Easement, Valuation |
Generally the best way to value things is by looking at what similar things sell for. There is not a lot of buying and selling of facade easements. So what you do is value the property as it is and then value it as encumbered by the easement. If...
by Christine | Oct 17, 2013 | Art, Estate Law, IRS, Taxation, Valuation |
Whenever a U.S. taxpayer dies or gives away valuable art—or any time it changes hands other than through a sale—Uncle Sam has an interest in knowing its true value. The art panel protects that interest, by vetting values submitted by taxpayers or executors; in...
by Christine | Oct 14, 2013 | Estate Planning, Valuation |
“My husband and I own a law firm, and part of the appeal of our law firm is us,” said Kelly Phillips Erb, a lawyer outside Philadelphia who has blogged on the tax matters related to the Jackson estate. “If we’re not around the next day, the value of the firm isn’t...
by Christine | Oct 7, 2013 | Estate Law, Qualified Appraisal, Tax Law, Valuation |
What makes an appraisal “qualified,” says the Tax Court, is whether it provides sufficient information to enable the Internal Revenue Service to evaluate an appraiser’s methodology. When you give cash to charity, it is a pretty straightforward offering that holds a...
by Christine | Jun 17, 2013 | Charitable Deduction, Charitable Giving, Easement, Estate Planning, Valuation |
When you make a charitable contribution of anything other than money or marketable securities, there will always be a valuation issue. At least, it will usually be clear what it is that you are giving away. A conservation easement is different. ...
