Property Valuations for Estate Settlement by A & B Tax Service
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
Part of A & B Tax Service's company goal is to provide top-notch, ethical appraisals that lawyers can rely on. Generally, all parties will have differing requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Among our staff, we are used to dealing with law offices in providing appraisal reports that transcend their demands.
Contact us immediately to discuss your specialized estate appraisal essentials and how we can put our experience to work for you.
Usually, settling an estate requires an irrefutable appraisal report to suggest fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, it's expected that you need to comfort your loved ones first. A & B Tax Service assures that our appraisers are comfortable with the procedures and requirements requested by the IRS and WI revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the highest degree of privacy for you.
Most people don't realize that the IRS requires reports filed to explain the numbers involved in estate sales.
One of the most necessary requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the authorities that the numbers used are accurate and correct.
Having a professional report from A & B Tax Service gives the executor irrefutable facts and figures to work with in exceeding IRS and WI state agency requirements. You need not stress over anything, because we will be there to back up our reports if they are ever challenged.
Opinions of value shown in documents provided to the the IRS and WI state agencies definitely should be supported by an exhaustive report as to how the appraiser came to his conclusions.