A & B Tax Service knows the special needs of estate executors
The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Lawyers and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. There are specific needs for everyone; we comprehend these necessities and are used to to dealing with all parties involved. In relation to our experience in working with the legal system and different agencies, we provide appraisals that definitely transcend all expectations.
Contact us immediately to discuss your personal estate appraisal specifications and how we can put our business acumen to work for you.
Usually, settling an estate requires an extensive appraisal report to establish fair market value for the house to the satisfaction of the parties involved. We empathize that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. Due to this, often the time of death differs from the date the appraisal is requested. Our company is accustomed to the systems and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, providing the strongest degree of privacy for you and your loved ones.
The necessity of owning an appraisal when dealing with the IRS to show income when filing documents is often unknown by most people.
An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal from A & B Tax Service gives the executor solid facts and figures to work with in going beyond IRS and WI state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever refuted.
Opinions of value displayed in documents provided to the revenue authorities absolutely should be supported by an accurate report as to how the appraiser came to his conclusions.