Definition
A Qualified Appraiser is an individual who meets specific IRS requirements to perform qualified appraisals for tax purposes. Requirements include relevant education and experience, professional designation from a recognized appraiser organization, and regular performance of appraisals for compensation.
Significance in Alternative Asset Valuation
IRS requirements for qualified appraisers ensure credible valuations:
IRS requirements:
- Earned appraisal designation from recognized organization, OR
- Met minimum education and experience requirements
- Regularly performs appraisals for compensation
- Demonstrates verifiable education and experience in valuing the specific type of property
Recognized organizations:
- Appraisers Association of America (AAA)
- American Society of Appraisers (ASA)
- International Society of Appraisers (ISA)
Disqualification factors:
- Party to the transaction
- Employed by parties to the transaction
- Related parties under tax code definitions
- History of disciplinary action or penalties
Using an unqualified appraiser can result in appraisal rejection, penalties, and disallowed deductions—particularly for charitable donations and estate tax matters.
How Impossival Approaches This
We work alongside qualified appraisers, providing market data, comparable sales analysis, and valuation research that supports their professional opinions. Our platform enhances appraisers’ ability to deliver accurate, defensible valuations.
Related Concepts
• Qualified Appraisal - IRS-compliant appraisal requirements • Appraisal Standards - Professional guidelines for appraisers • Appraisal Report - Formal valuation documentation • Fair Market Value - Standard determined by qualified appraisers