Client Confidentiality is paramount. Client information is never shared. Only written permission, directly from the client, naming specific entities with whom to share the information, will allow this appraiser to share information. The client’s name, and any information or intimation about the client or the client’s property, will never be shared, under any circumstances, without permission.
The IRS has accepted all appraisal reports completed by Lorraine Anne Davis.
https://www.irs.gov/pub/irs-pdf/p561.pdf
https://www.irs.gov/pub/irs-pdf/p526.pdf
The IRS defines a qualified appraisal as one that:
- Is performed in accordance with generally accepted appraisal standards;
- Meets the relevant requirements of IRS Regulations section 1.170A-13(c)(3) and Notice 2006-96, 2006-46 I.R.B. 902;
- Does not involve an appraisal fee based on a percentage of the appraised value of the property;
- Includes specific information, such as a property description, terms of the sale agreement, appraiser identification information, date of valuation and valuation methods employed, among other requirements;
- In the case of a charitable donation, is made not earlier than 60 days before the property is donated, and in the case of gifted property is as of the date of gift; and
- Is conducted, prepared, signed, and dated by a “qualified appraiser.”
The IRS definition of a qualified appraiser is an individual who:
- Has earned an appraisal designation from a recognized professional appraisal organization (such as the ASA, AAA, ISA) or has met certain minimum education and experience requirements;
- Regularly prepares appraisals for which the individual is paid;
- Demonstrates verifiable education and experience in valuing the type of property being appraised;
- Has not been prohibited from practicing before the IRS under section 330(c) of Title 31 of the United States Code at any time during the three-year period ending on the date of the appraisal; and
- Is not an excluded individual such as someone who is related to or a party to the transaction, the donor or the recipient of the property.
Lorraine Anne Davis: Certified Member of Appraisers Association of America, as a Photography Specialist
- https://www.appraisersassociation.org
- The Appraisers Association of America is the premier national association of personal property appraisers who focus on fine and decorative arts. Many members are either former curators at major museums or heads of departments at auction houses; several are specialists on popular television programs like Antiques Roadshow and other shows devoted to antiques, and contributors to art and antiques publications. The Appraisers Association, which is associated with the highest level of professionalism, is a dynamic association that is simply unmatched in the field of personal property valuation.
- All members are required to be certified according to the highest professional standards, to maintain 70 Continuing Education Credits in a 5-year period, test bi-annually for Uniform Standards of Professional Appraisal Practice (USPAP) as established by the Appraisal Foundation, Washington D.C., which is authorized by Congress as the source of Appraisal Standards and Appraiser Qualifications. AAA members are required to maintain a current USPAP certificate, and to adhere to a strict Code of Ethics which ensures unparalleled standards of ethics, conduct and professionalism.
