Remove Charitable Donations Remove Document Remove Scope of Work
article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use. Talk to your client to identify the scope of work. In damage loss claims these can often be broad.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation. In my organization (ISA), in order to become certified, one has to document 200 hours of appraisal-related experience in the last five years after becoming an accredited member.