IRS Tax Writeoff

Israel Stein custos3 at comcast.net
Thu Jan 17 21:34:21 MST 2008


Folks,

While there is some good advice being posted on this topic, I have to 
say that if someone is going to do appraisals of big-ticket items 
like pianos for donations, they should probably go to a more reliable 
source of information than this list. In the high-tech world there is 
an expression that is used when folks unnecessarily try to figure 
things out on their own: RTFM. It stands for "Read The FXXXXXXX 
Manual". Thew manual in this case is IRS Publication 561 - 
Determining The Value of Donated Property. It tells you who is a 
qualified appraiser, how to assign value to different kinds of 
property and everything else you need to know. If you are going to 
take people's money for appraising their pianos for the purpose of 
tax deduction, you owe it to them to at least skim through this 
publication. You can find it at:
http://www.irs.gov/pub/irs-pdf/p561.pdf

Israel Stein




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