A glossary in an appraisal report plays a critical role. Let me explain why: Clarity and Understanding: The use of specific terminology within the field of personal property appraising is essential. A glossary ensures that…
Collectorpro Software has a rich history dating back to 1992, when it began providing software solutions to the arts, antiques, and collectibles markets. It’s a minority woman-owned company serving clients worldwide1. In 2004, Collectorpro…
Unfortunately, the IRS doesn’t offer its own app for donation appraisals. However, they do have specific guidelines and requirements for valuing donated items for tax purposes. Here’s what you need…
The IRS requirements for an appraisal for a donation depend on the value of the donated property and the type of property. Here’s a breakdown: Generally: No appraisal needed for…