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It may be the risk of selling too low, or of paying too much; the risk of being under or over-insured; the risk of not getting your fair share in a division of property; the risk of incurring tax penalties or being audited when claiming a deduction for a charitable contribution or when calculating estatetaxes.
Understanding IRS Qualified Appraisals and Qualified Appraisers for Jewelry Valuation When dealing with tax-related matters such as charitable donations, estatetax filings, and gift tax reporting , an accurate and IRS-compliant jewelry appraisal is essential. What Is an IRS Qualified Appraisal?
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