Deconstruction Appraisals by The Green Mission Inc.
Our Process
Step 1 Communicate Project Details
Step 3 Receipt of the Appraisal Valuation Quote and Contract
Step 2 Inspecting the Potential Donation
Begin your donation and appraisal process by contacting us via phone at (540) 684-6633 or email at info@thegreenmissioninc.com. Potential donations can include kitchen remodels, tear-downs, or specific items like cabinetry, appliances, bricks, lumber, or furnishings. Define your project scope with TGMI to start the process, as non-moneta
Begin your donation and appraisal process by contacting us via phone at (540) 684-6633 or email at info@thegreenmissioninc.com. Potential donations can include kitchen remodels, tear-downs, or specific items like cabinetry, appliances, bricks, lumber, or furnishings. Define your project scope with TGMI to start the process, as non-monetary charitable contributions may be deductible on your tax return.
Step 2 Inspecting the Potential Donation
Step 3 Receipt of the Appraisal Valuation Quote and Contract
Step 2 Inspecting the Potential Donation
After opening your file, a dedicated inspector will visit your property to document the quality and quantity of potential donations. Inspection times vary but typically last 1-2 hours for standard projects. This thorough documentation allows us to estimate the Fair Market Value accurately and provides crucial information for tax professi
After opening your file, a dedicated inspector will visit your property to document the quality and quantity of potential donations. Inspection times vary but typically last 1-2 hours for standard projects. This thorough documentation allows us to estimate the Fair Market Value accurately and provides crucial information for tax professionals. For clients outside our travel range, we accept detailed photos, demolition plans, and inventory lists. We also collaborate with nationwide subcontractors for property inspections.
Step 3 Receipt of the Appraisal Valuation Quote and Contract
Step 3 Receipt of the Appraisal Valuation Quote and Contract
Step 3 Receipt of the Appraisal Valuation Quote and Contract
We will email you an estimated Fair Market Value range, a list of potential donation materials, and the selected nonprofit or government entity. Our initial quote is based on comparable sales data, and we usually deliver it within 24-48 business hours post-inspection. The appraisal fee, based on time and research required, is included in
We will email you an estimated Fair Market Value range, a list of potential donation materials, and the selected nonprofit or government entity. Our initial quote is based on comparable sales data, and we usually deliver it within 24-48 business hours post-inspection. The appraisal fee, based on time and research required, is included in the contract. For donations valued at $5,000 or more, a “Qualified Appraisal” by a “Qualified Appraiser” is necessary to secure tax benefits, as mandated by the IRS.
Step 4 (Optional) Choosing the Nonprofit or Government Entity
Step 4 (Optional) Choosing the Nonprofit or Government Entity
Step 3 Receipt of the Appraisal Valuation Quote and Contract
Clients often have a preferred charity, but if needed, we can provide a list of IRS-qualified donee options. Each charity’s capability to handle donations varies, so careful selection is advised. While we maintain strong relationships with various organizations, ethical standards prevent us from choosing a donee for you.
Step 5 Appraisal Production Commences
Step 4 (Optional) Choosing the Nonprofit or Government Entity
Step 6 Appraisal and Tax Form 8283 Delivery
e coordinate a deconstruction timeline and pickup date with the chosen nonprofit or government entity. Our detailed appraisal research begins once we receive all necessary information from the donee, ensuring the appraisal reflects only the accepted donations. Adjustments may occur if certain materials are not ultimately donated.
Step 6 Appraisal and Tax Form 8283 Delivery
Step 4 (Optional) Choosing the Nonprofit or Government Entity
Step 6 Appraisal and Tax Form 8283 Delivery
Appraisals are typically delivered via email 4-8 weeks after receiving all documentation from the donee. The timeline varies based on project size and scope. The completed 8283 Tax Form, signed by both the appraiser and donee, will be sent to you. Throughout the process, we remain responsive to inquiries and provide support, ensuring a s
Appraisals are typically delivered via email 4-8 weeks after receiving all documentation from the donee. The timeline varies based on project size and scope. The completed 8283 Tax Form, signed by both the appraiser and donee, will be sent to you. Throughout the process, we remain responsive to inquiries and provide support, ensuring a smooth and impactful donation experience. Your contributions aid local communities and help reduce landfill waste, promoting environmental sustainability for future generations.
IRS Qualified Appraisals
Revolutionizing the Standards of the Deconstruction Qualified Appraisal Industry
Unlike Certified Public Accountants, attorneys, Certified Financial Planners, and Real Estate Appraisers, the current qualification requirements for appraising personal property and deconstructed materials are not rigorous enough to ensure that appraisers possess the necessary education and experience. Until 2018, appraisers with no graduate or postgraduate education could be grandfathered into trusted organizations or associations for membership, despite lacking the qualifications to produce credible documentation.
The presence of sub-par appraisers in the industry has fostered an atmosphere of distrust for those wishing to make personal property appraisals and building material donations. This situation has also jeopardized consumers of appraisal services and nonprofits that rely on these contributions to achieve their missions. Uneducated and inexperienced appraisers may inadvertently inflate values, miscalculate the quantity and quality of deconstructed materials, or improperly apply depreciation methods. Consequently, taxpayers might unknowingly file returns using those appraisals and values attested to on the necessary 8283 Tax Form, potentially exposing themselves to audits and significant penalties.
What Constitutes an IRS Qualified Appraisal?
An IRS qualified appraisal is completed, signed, and dated by a qualified appraiser in accordance with generally accepted appraisal standards. It adheres to the relevant requirements of Regulations Section 1.170A-12c(3) and Notice 2006-96, 2006-46 I.R.B 902. The designation of 'qualified' applies to an appraisal made no earlier than 60 days before the date of contribution of the appraised property. Additionally, a qualified appraisal does not involve a prohibited appraisal fee, indicating that no portion of the fee arrangement can be based on a percentage of the appraised value of the property.
At thegreenmissioninc, our fees are determined solely by the time and research required to produce the IRS qualified appraisal.
For more information on tax guidelines for non-monetary charitable donation deductions, please visit the Internal Revenue Service's webpage (https://www.irs.gov/taxtopics/tc506).
