Do you require a wine appraisal or other personal property appraisal for business, personal, tax, insurance, or legal purposes? DiNardo & Lord Auctioneers provides professional appraisers. All of our appraisers have passed their [Uniform Standards of Professional Appraisal Practice (USPAP)] exams and are listed with the Appraisal Foundation in Washington DC. All appraisals are written in compliance with USPAP guidelines as established by the U.S. Congress. Our wine appraisers are members of the International Sommelier Guild (ISG) and the Society of Wine Educators (SWE).
Read more about our sister company WineryandWineAppraisals.com. Tom DiNardo is your wine appraisal specialist! He is a master wine appraiser, sommelier, wine expert, and wine auctioneer. I buy and broker wine collections. Call (888) 503-0828. Our company does NOT provide free appraisals.
Changes were made to the IRS Tax Code in 2007. According to the IRS, if the value of your noncash donated item exceeds $500 dollars and is less than $5000 dollars, then you will be required to file IRS Form 8283 and complete only “section A” of this particular form. However, if the value of your noncash donated item exceeds $5000 dollars in value then additionally you will be required to obtain an appraisal report from a qualified appraiser and also file IRS Form 8283 and particularly “section B” of this form. If the value of your noncash donated item exceeds $500,000 dollars in value then the qualified appraisal report as well as IRS form 8283 will be required to accompany your federal Form 1040 tax return if you intend to claim the full value of your charitable donation tax deduction. Please contact your tax professional or the Internal Revenue Service should you require additional information.
The professionally rendered appraisal report allows the donor to claim a charitable contribution tax deduction for the full value of their donated item without suffering a loss. Non-profit organizations should consider making it easier on their valued donors by providing this invaluable appraisal service to their clients. DiNardo & Lord Auctioneers is at your service.
“What liability would I suffer in hiring a non-certified appraiser to perform my appraisal”? On August 17, 2006 U.S. Congress passed the Pension Protection Act or PPA (P.L. #109-280 Stat. 708 ) which further amended Section 1219 of the PPA in setting up new definitions and requirements outlining what is a “Qualified Appraisal” and who is a “Qualified Appraiser” as recognized by the Internal Revenue Service (IRS) and the U.S. Department of Treasury. This law was further clarified in the subsequent IRS Notice 2006-96.
If you hire anyone, other than a “Qualified Appraiser”, to perform an appraisal service for you and your non-qualified appraisal is challenged in court, then the chances are fairly great that your appraisal would be thrown out by the presiding judge. Further, the non-qualified appraiser’s testimony would be dismissed, and the other side would more than likely prevail. In essence, you would have wasted your valuable time and money. Unfortunately, this happens in court all of the time! Do it right the first time and invest your money wisely in the services of a professionally qualified appraiser.
It is a violation of federal law for USPAP certified appraisers to charge you a percentage of the value of the item(s) being appraised! This is the best way for you to spot an individual who is not an appraiser, or who is fraudulently claiming to be a certified appraiser. All USPAP certified appraisers are registered with the Appraisal Foundation in Washington D.C., and these appraisers work on either an hourly rate or on a flat fee basis only.
DiNardo & Lord Auctioneer’s Appraisers provide these additional services. (1) Professionally rendered appraisal reports. (2) Cause & Origin Investigations & Reports (3) Evaluation of Scope of Damage (4) Evaluation of Cost of Repair (5) Complete Inventory Services (6) Auction & Liquidation Services (7) Expert Witness Services (8) Appraisal Reviews: The written review and appraisal of other appraiser’s flawed appraisal reports. Our appraisal reviews will examine the appraiser’s qualifications and confirm or deny the appraisers following accepted appraisal theory, practices, and established Federal Guidelines (USPAP). Missing information gaps are filled in.
We travel worldwide in providing personal property appraisal services, wine appraisal, wine education, wine consulting and expert witness services. Locally, we provide general personal property appraisal services on a case by case basis. Contact us for a quote today.