IRS Non-cash Charitable Contribution
So your thinking about donating a significant amount of non-cash items for an IRS charitable donation with a possible Fair Market Value of over $5,000? If the value is over $5,000 its a good idea to have it appraised by a qualified appraiser. And a good place to look for a qualified equipment appraiser is the American Society of Appraisers (ASA) (click > Find An Appraiser). ASA is a world-renowned and respected international organization devoted to the appraisal profession. ASA is the oldest and only major appraisal organization designating members in all appraisal specialties.
We have a significant amount of experience and are up to speed on the changing rules regarding the appraising of assets for IRS non-cash charitable donations. If certain criteria is met, it is possible to appraise the assets without an inspection. Typically we provide a USPAP compliant appraisal along with photos of the subject property, market data, and the IRS Form 8283 form signed by a qualified appraiser.