Real Estate Valuation Gets Debate and Discussion at 2014 IRS Valuation Summit

Washington, D.C. – What makes a qualified real estate appraisal in the eyes of the US Tax Court, IRS, land-use experts and appraisers will be debated and discussed at the IRS Valuation Summit on October 21, 2014 at the Hyatt Grand Hotel in Washington, DC. This summit, co-hosted by the Washington, DC and Southern California Chapters of the Appraisal Institute, brings together these key parties in the issue for a full-day exploration of the impact of tax and legal changes to the appraisal process.

A series of panels will delve into topics that impact the real estate appraisal process and therefore the appraisers, tax accountants and attorneys who represent land owners and purchasers. The program will open with a look at tax legislation and regulation from the judicial, legislative and practitioner perspectives. Top on their agenda is the expiration of the 2010 Tax Act and the permanency of the estate tax enacted in early 2013 which add dimensions of uncertainty in the appraisal process and impacts estate planning for many Americans.

Conservation easements and the intricacies of non-cash donations of real estate will be the topic for a panel including tax court judge and the Land Trust Alliance. Another accepted and widely-used part of many gift or estate planning strategies, discounting partial ownership, which is also often referred to an abused component of appraisal methodology, will be examined by a panel including a tax court judge, CPA and valuation advisors.

Featured panelists include

U.S. Tax Court Judges Mark V. Holmes and James S. Halpern
IRS attorneys Deena Devereaux, Esq., Karin Gross, Esq. and Stuart Murray, Esq.
IRS Appraisers James Schmidt and Ken Baker
Russ Shay, Land Trust Alliance
Clark Bunting, President of the National Parks Conservation Association

Registration is open to all involved in the real estate appraisal and tax valuation issues including real estate appraisers, tax attorneys, CPA, land-use and valuation. The program qualifies for 7 continuing education hours for credentialing and licensing.

Registration is $275; online registration available at http://www.appraisalinstitutedc.org/summit.html

For more information, contact 301.924.1020.

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The Appraisal Institute is a global membership association of professional real estate appraisers, with nearly 23,000 members and 92 chapters throughout the world. Since 1932, the Appraisal Institute has worked to establish and uphold professional credentials, standards of professional practice and ethics consistent with the public good while advocating equal opportunity and nondiscrimination in the appraisal profession. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.