- 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).
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.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Qualified Appraisal — An appraisal document that is created, signed and dated by a qualified appraiser and meets the requirements set forth by the Internal Revenue Service (IRS). A qualified appraisal is made no sooner than 60 days before a piece of property is… … Investment dictionary
fee appraiser — An individual qualified under federal rules to perform real estate appraisals. Unlike a staff appraiser, a fee appraiser is not employed by the financial institution contemplating the extension of credit to be secured by the property to be… … Financial and business terms
staff appraiser — An individual qualified under Federal rules to perform real estate appraisals who is employed by and performs appraisals for the financial institution contemplating the extension of credit to be secured by the property to be appraised. The… … Financial and business terms
Family Living Partnership — Family Limited Partnerships (commonly called FLPs) are frequently used to move wealth from one generation to another. Partners are either General Partners (GP) or Limited Partners (LP). One or more General Partners are responsible for managing… … Wikipedia
Conservation easement — In the United States, a conservation easement (also called a conservation covenant or conservation restriction) is an encumbrance sometimes including a transfer of usage rights (easement) which creates a legally enforceable land preservation… … Wikipedia
Appraised value — An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre qualification risk based pricing factor related to the… … Wikipedia
Tycho Brahe — This article is about the astronomer Tycho Brahe. For other uses, see Tycho Brahe (disambiguation). Tycho Ottesen Brahe Born 14 December 1546 Knutstorp Castle, Scania Died 24 October 1601 (age … Wikipedia
Horse value — An equine value or horse value pertains to the assessed value of a horse in the opinion of a qualified appraiser. There are also online value calculators available, that can be an easy to use tool when used by an open and objective evaluator.… … Wikipedia
Brevard County, Florida — Infobox U.S. County county = Brevard County state = Florida founded = March 14, 1844 seat = Titusville | area total sq mi =1557 area land sq mi =1018 area water sq mi =539 area percentage = 34.60% census yr = 2000 pop = 476230 density km2 = 181… … Wikipedia
Magistrates of England and Wales — This article is part of the series: Courts of England and Wales Law of England and Wales … Wikipedia