IRS Valuation Update: The Not-So-Common Appraisals that the IRS Reviews

Valuation assignments for the Internal Revenue Service can be challenging, especially with assignments relating to estate & gift, casualty loss and conservation easements.

This IRS Valuation Update workshop addresses the federal income tax code and regulations pertaining to the valuation and donation of conservation and historic preservation easements, estate and gift tax common problems with an overview of recent tax court opinions relating to valuation. Appraisers, CPAs, Land Trusts, and Attorneys should all be familiar with these requirements and the recent tax court decisions. Additionally, the virtual workshop will cover a review of the most recent common issues/problems with appraisals submitted to the IRS.

• IRS Valuation: Who We Are and What We Do
• Overview of Tax Regulations
• The Qualified Appraiser and the Qualified Appraisal
• Estate & Gift Valuation Issues
• Report on Conservation Easements
• Significant Tax Court Rulings
• The IRS Review: The Appraiser’s Role and Issues
• Expert Witness: Role in Exam and Counsel

Presenters include
Frank R. Molinari, SRA, CVA, IRS Senior Manager, Engineering
Alex Nicholaides, IRS Senior Counsel, Office of Chief Counsel

Following the 2-hour workshop (3-5pm Pacific Time) we will hold a brief virtual chapter meeting beginning at 5pm to catch up on Local, Regional and National issues and provide an opportunity for attendees to network with peers, colleagues, and perhaps even potential clients!

A Special Note About Registering:

• Never attended an Appraisal Institute offering or not yet updated your password / log-in since October 1, 2019 – follow these simple steps before registering.
• Those seeking credit from states outside of California are strongly encouraged to check directly with their state licensing board(s) to confirm that the specific state(s) will (1) accept virtual / classroom education, (2) accepts education from an out-of-state provider and/or (3) offers reciprocal credit since the offering is approved by the CA BREA.  Some states may require pre-approval applications or have reporting requirements that the chapter cannot comply with.
• This virtual program is approved for 2-hours of Appraisal Institute CEC. Applications for 2-hours of BREA and State Board of Equalization (SBE) CEC are being submitted.
• Instruction will be held via Interactive Technology (ZOOM) and is based on the “live” classroom version that falls under the temporary exemption for virtual / classroom education due to COVID / SIP restrictions.
• It is the student’s responsibility to have the required equipment – dependable Internet access, computer, webcam and microphone, agrees that attendance will be monitored and to to forward their Photo ID/ Driver’s License to the Chapter Office upon completing your online registration.