After the passing of a loved one, local, state, or federal courts often request an appraisal of the decedent’s property. The inheritors and executors often face a long list of required forms and filings, which can become overwhelming. First, ensure the estate is being handled by a good attorney and CPA. Our team provides services including inventory and documentation of appraisal property and appraisal services, if required.
After the passing of a loved one, local, state, or federal courts often request an appraisal of the decedent’s property. The inheritors and executors often face a long list of required forms and filings, which can become overwhelming. First, ensure the estate is being handled by a good attorney and CPA. Our team provides services including inventory and documentation of appraisal property and appraisal services, if required.
Deconstruction is the careful dismantling of a structure with the intent to salvage and reuse the materials and property. Valuable property is kept out of the landfill reducing the construction industry’s carbon footprint and property can be reused and repurposed by providing affordably priced materials.
26 USC Section 170 is law. Ensuring a client hires a Qualified Appraiser to produce a Qualified Appraisal is law. USPAP is more critical than ever. As of 2019, all appraisers must follow the substance and principles of USPAP. See below for more regarding USPAP.
The Green Mission Inc. has been working in the sustainable built environment for three years offering our clients IRS Qualified Appraisals. These appraisals are to substantiate the value of materials and property extracted during the process of deconstruction.
The Green Mission Inc. and Probity Appraisal Group executives Jessica I. Marschall, CPA, ISA AM, AAA Associate Member, and Mayur Dankhara, ISA AM, LEED AP attended the ASA annual conference and left with boatloads knowledge! From the emergence of NFTs to luxury fashion value, the conference was an intellectual feast. Be on the lookout for more updates from our team.
CPAs and tax attorneys often have clients taking non-cash charitable contributions for building materials and other property incident to a home deconstruction. Deconstruction involves the careful dismantling of a structure with the intent of salvaging materials for reuse in new structures.
We are excited by the many deconstruction and reuse projects occurring nationwide! Spring 2022 has been a busy time for all of us in the deconstruction industry. Our team appreciates working with industry members to jointly serve and protect our clients. Tax deductions for the value of donated materials continues to act as a significant carrot in helping clients choose deconstruction over demolition.
The thrill of leaving a thrift store with a huge load of clothing, dishes, furniture, or appliances for a fraction of the price of buying new is fantastic! Finding a set of 150-year-old doors or a simple set of kitchen cabinets that can be painted to look like new and save thousands of dollars… gold!
Any appraiser, whether appraising gems and jewelry, antiques, decorative art, architectural salvage, appliances, furnishings, or any other personal property, must be educated. In fact, the IRS requires education and/or experience to be considered an IRS Qualified Appraiser.