IRS Estate Taxation Appraisals
Our President A CEO, Jessica I. Marschall, CPA, ISA AM, is a practicing CPA of 19 years who also owns the tax consultation practice Marschall Accounting Service, LLC. She brings her expertise in reading, studying, and applying the intricacies of the Internal Revenue Code with exactness to Probity's appraisal practice.
The IRS provides their definition of Fair Market Value for estate taxation valuation reported on IRS Form 706 United States Estate (and Generation-Skipping Transfer Tax Returns) for any item or collection of similar items is valued at more than $3,000 requiring an attached Qualified Appraisal by a Qualified Appraiser, adopting the criteria used for non-cash charitable contributions. Our staff at Probity ensures the IRS code for estate taxation appraisals are properly applied in our research, analysis, and valuation methodology. We also work closely with the descendants of the estate and the estate attorney to ensure the appraisal is produced in a timely manner.
Our staff closely follows the IRS definition of Fair Market Value specifically given for estate valuations. We work closely with estate owners and heirs to ensure sound understanding of our valuation methodology and its alignment with the IRS definitions. We work closely with the client’s CPA and tax attorneys to ensure timely delivery of appraisal reports and solid understanding of the appraisal process.