Noncertified Occasional Valuer is Not a Qualified Appraiser, per Tax Court

December 3, 2023

For tax purposes, the most important requirement under the qualified appraisal rules is that the valuation be done by a qualified appraiser. The requirements are set out in Section 170 of the tax law and related regulations. A qualified appraiser is one who either has relevant credentials or enough experience. But how much experience is enough? A new case gives some guidance.

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