The preparation of accurate, defensible valuation reports supporting charitable donations filed with the Internal Revenue Service.
The Internal Revenue Service routinely assesses the claims of individual and corporate taxpayers seeking income tax deductions for donations of property and other items. The Internal Revenue Service has extensive experience assessing the accuracy of fair market valuation claims and has developed a number of rules and regulations to protect the interests of the Treasury.

The Internal Revenue Service rules require that a “qualified appraisal” be performed by a “qualified appraiser” for donated property that has a value that exceeds $5.0 thousand dollars. For property valuations that exceed $500.0 thousand dollars, the IRS requires that a copy of the appraisal report be submitted along with the tax filing.

The IRS has defined a “qualified appraiser” as an individual that has earned an appraisal designation from a recognized professional appraisal organization for demonstrated competency in valuing the type of property being appraised; has met minimum education and experience requirements; regularly prepares appraisals for which he is paid; and demonstrates verifiable education and experience in valuing the type of property to be appraised. The rules and regulations developed by the IRS provide an orderly framework for taxpayers, accountants, valuation professionals and Internal Revenue Service employees to evaluate and substantiate fair market value claims. Walters & Associates, Inc. adherence to IRS guidelines provide that our charitable donation valuations are impartial, independent and verifiable.