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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Start Tax Season Right Appraisals are crucial for valuing charitable donations. Non-cash charitable donations can play a big role in reducing your taxes when you itemize. In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

The appraisal report is a crucial document used for various purposes, such as insurance, taxation, sale, or donation, and is often required to be conducted by a certified appraiser to ensure its credibility. You can read more about charitable donation appraisals in this blog post. This value is used for tax deductions.

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What Does a Jewelry Appraiser Actually Do?

La Jolla Gem Appraisal

In fact, our job is to protect your interests by providing an expert, well-documented opinion of value based on careful examination and market research. We tailor the appraisal to suit the intended usewhether its for insurance, estate settlement, resale, charitable donation, litigation, or collateral loans.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage. Artwork Donation: Donating artwork to museums, galleries, or charitable organizations often requires an appraisal for tax purposes.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. This is the most basic part of the process which includes assessing and documenting the item(s).

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. The CRA recommends compliance with USPAP, and CCPERB publishes a Guide on Monetary Appraisals , available on their website.

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Jewelry Appraisal Guide: Understand & Find Jewelry Appraisers

Invaluable

This usually ends with a printed document that describes the piece and assigns a price or range of prices that represent the expert’s best value estimate. Charitable Donation Appraisals If you’re thinking about donating a piece of jewelry to charity, you might be entitled to a tax break.