TAX VALUATIONS ARE ONLY VALIDATED WHEN PERFORMED BY TRULY QUALIFIED APPRAISERS.

Tax Valuations

Business valuations are needed for gift and estate tax returns and income tax valuations. The IRS issued regulations defining a qualified appraisal and a qualified appraiser. A qualified appraiser means an individual with verifiable education and experience in valuing the type of property for which the appraisal is performed.

QUALIFIED APPRAISER REQUIREMENTS

Qualified appraiser – Section 170 provides that the term “qualified appraiser” means an individual who:

  1. Has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum education and experience requirements set forth in regulations prescribed by the Secretary;
  2. Regularly performs appraisals for which the individual receives compensation; and
  3. Meets requirements prescribed by the Secretary.

Section 170 further provides that an individual will not be treated as a qualified appraiser unless that individual:

  1. Demonstrates verifiable education and experience in valuing the type of property subject to the appraisal, and
  2. Has not been prohibited from practicing before the Internal Revenue Service by the Secretary under §330(c) of Title 31 of the United States Code at any time during the 3-year period ending on the date of the appraisal.

Value Defined has qualified experts certified to prepare tax valuations. A statement of Qualified Appraisal and Appraiser Declaration must be attached to the valuation report. Value Defined understands the IRC and regulations. We are qualified to perform tax valuations. When hiring a business valuator to prepare a valuation for tax purposes, you need to make sure the valuator is qualified.