Charitable Donations Document Tax Liabilities 
Harrison Appraisals
JUNE 19, 2023
Even if you are familiar with the items and believe you have a good understanding of their worth, a professional appraisal ensures an accurate and documented valuation. An appraisal provides a comprehensive inventory of the assets, documenting their value at the time of his or her passing.
International Society of Appraisers
MARCH 14, 2025
The definition may vary slightly from federal government definitions used to determine tax liabilities. 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.
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