Why am I, Michael C. Fanelli a qualified appraiser and Why?

I am the defination  of a qualified appraiser and this  is an what I do :

Your question to yourself is " Who should I be choosing that  is a qualified Appraiser " and my answer to you, to  the party that is reading this, explantion and reading my qualications  and want’s to know more information about the laws and guidlines on  how to follow all of the new laws that definrs a quality appraiser with all of the respect to any specific appraisal, this very serious process. I will inform you about all the reasons why you should hire a qualified appraiser and why you should not only because they are not a qualified appraiser and according to the Internal Revenue Service they are not a qualified appraiser. You will need to ask them are they U.S.P.A.P. Compliant. My answer to you is YES i am. Thats all you need to know

I, Michael C. Fanelli has earned an appraisal designation from a recognized professional appraiser organization requirement

prescribed by the United States Treasury regulations.

I, Michael C. Fanelli regularly performs appraisal for which receives compensation for the stated demonstrated verifiable

education and experience in valuing the type of property subject to the appraisal.

I, Michael C. Fanelli has not ever been prohibited from practicing before the I.R.S. at any time preceding the appraisal and meets all other requirements prescribed by the United States Treasury regulations.

The definition of a non - qualified appraiser is an individual who cannot be:

The donor;

The donee;

A party to the donee’s acquisition of the property; and

employed by or related to any of the above and someone used regularly by any of the above unless the majority of the work is performed for others.

What type of information Must be included in a “qualified appraisal “? Under existing regulations that remains in effect, a qualified appraisal must include the following.

There is a saying about writing a description of the property, including its physical condition:  When this portion is complete, close your eyes and have someone else that is not part of the appraised items ( the donor or the done ) and have them read the description of the item or items so that you as the listener can understand exactly what is being described.

Date ( or expected date ) of the gift;

Terms of the gift, including any limitations;

Listing the Identity of the appraiser and all of his / her qualifications of the appraiser;

A statement from the appraiser that the appraisal is being prepared for a purpose ( for an example “ Tax “ related,)  this is a purpose for the appraisal to be written.

Did the appraiser consult with the person is charge explaining the procedure and how it is to be written;

A preparation date: the day the appraiser walks on / into the premises and starts writing the appraisal;

Did the qualified appraiser state the purpose of the appraisal, and market value. ( a fair market value )                                                                 * What is the definition of a fair market value. *

Do I need to explaine the definition of a fair market .

I will tell you just some of the purposes when a appraisal is needed.

What is the explanation of the method used for the valuation for your purpose;

Was there a specific basis that was used for the purpose of the valuation;

The appraiser MUST include his appraiser’s declaration;

These are all must haves.

What is an appraisal summary? 

When dealing with the I.R.S. a form 8283 is the appraisal summary.An individual who claims a charitable contribution deduction of property worth more than $ 5,000.00, other than cash and publicly-traded securities, and that requires a " Qualified  Appraisal" from a qualified appraiser as myself must attached an appraisal summary to his or her tax return. Among other things, the appraisal summary will includethe following

* Identiying information about the donor and a brief description of the property;

* The date and how the donor acquired the property;

* The amount of consideration paid to the donor if the gift involved a bargain - sale;

To Be Continued Please call me with any questions that you might have