Legacy Donation Appraisers Offers Expedited Valuations Before October 15 Deadline
Legacy Donation Appraisers is offering expedited appraisal services for taxpayers who filed for a tax extension and must substantiate noncash charitable contributions by the October 15 filing deadline. Donors claiming more than $5,000 in donated property generally need a qualified appraisal and IRS Form 8283, including the appraiser declaration, under applicable Treasury regulations. The company appraises assets including fine art, vehicles, business interests, equipment, inventory, bullion and cryptocurrency, with valuations based on fair market value on the contribution date. Reports are prepared under USPAP and designed to meet Form 8283 documentation requirements, although the IRS makes the final determination and taxpayers are advised to consult a tax professional.
