Estate Settlement Appraisals in WI by A & B Tax Service
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
Part of A & B Tax Service's drive is to produce top-notch, ethical appraisals that attorneys can rely on. Generally, the parties involved will have differing suggestions of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are accustomed to working with the courts in assembling appraisals that meet their requirements.
Contact us as soon as possible to discuss your specialized estate appraisal demands and how we can put our experience to work for you.
Settling an estate commonly depends on an appraisal to determine fair market value for the home affected. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal deviates from the date of your loss. Our company is comfortable with the systems and requirements necessary to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, certifying the fullest degree of discretion for you and your loved ones.
People often forget that the IRS requires reports filed to support the numbers involved in estate sales.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and correct.
An executor will be over-joyed by a report by A & B Tax Service which will show him undeniable facts and figures to work with revenue agencies' requirements. You need not stress over anything, because we will be there to support our work if they are ever challenged.
Opinions of value displayed in documents provided to the revenue authorities definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.