signing 8283 IRS appraisal form

[PAULREVENKOJONES]

All who responded to this:

We teach a ten week business course here at the Chicago School, and as it so happens, this week we teach on the topic of appraisal. I will say that in my introductory comments I make a very fine and firm point that discourages our students from doing appraisals unless they have attained a very high level of market experience, as well as the savvy that is expressed in all of your posts. I can't thank you enough for your comments, and will be using much of what you say in a Q&A for our students later this week. We here in Chicago have a piano donation program called "A Gift of Pianos" and have had to learn all of this the hard way (fortunately not the hardest way--IRS involvement), and so it comes as no real news to me, but to have this compendium of comment, knowledge and experience so concisely put together is a gift. Thanks again.

Paul

"If you want to know the truth, stop having opinions" (Chinese fortune cookie)


In a message dated 04/29/07 11:49:02 Central Daylight Time, KeyKat88 writes:
Greetings,

          I had a lady customer who wanted an appraisal on the replacement value of her Yamaha C7. It was 1972 manufacture. I completely looked over the piano, and it was as new! She had a humidifier running and told me she had done so since the piano was new. By the looks of the piano I could tell. I couldnt find a thing wrong with it. I wrote a letter stating that I did a full inspection and then I called a dealer and asked what the price of that piano. They told me 30,000.00 So I wrote that the replacement value of the piano was 30K.

       Turns out they sold the piano for 5,000 to a non-profit music group and wrote 25,000.00 off their tax. Now they want me to sign this IRS form. My confidence is shaken, because I am suppose to sign this thing, and it states that "I do appraisals on a regular basis"...however, I do tuning and repair on a regular basis. Am I over-worring here?  I mean, I think the purpose of the form is to confirm that I just dont work at Turkey Hill or K-mart or something and that I do know the value of such things, which I do know. Is there any responsibilty I have over looked. I am tuning, repairing, refurbishing and evaluating for 4 years now. This is a first. 

Thanks in advance,
Julia
Reading, PA






See what's free at AOL.com. 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20070429/acc9fef8/attachment.html