Estate Federal Tax Liability – 2018

The IRS requires a "qualified appraisal" by a "qualified appraiser" for each work with projected value above $3,000.00. Every state varies on estate tax rules, so check with your accountant.  Some states, such as Oregon collect estate taxes on estates valued over $1,000,000.00. Similar in structure to charitable donation, qualified, fair market value appraisal reports for IRS Estate Tax Liability are demanding documents for an appraiser to produce. They require considerable time to prepare and must include specific elements to be accepted by the IRS.