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Home » IRS

Do-It-Yourself Appraisals Are a Bad Idea

There are many reasons why business owners hire licensed appraisers to handle their machinery and equipment appraisals. A certified appraisal, which only a licensed appraiser can perform, is not only USPAP-compliant, but it will stand up to scrutiny by peers, the IRS, and the courts. More important than any of that, however, is that a […]

2022-11-29T09:56:41-05:00July 16th, 2014|Uncategorized|

The Client vs. The Intended User

This question comes up with a fair degree of frequency in the machinery and equipment appraisal world. What’s the difference between a client and an intended user? Well, there’s a short answer to that and a long answer. The short answer is that the client is the party that requests the appraisal, and the intended […]

2022-12-20T09:33:50-05:00May 29th, 2013|Uncategorized|

CMEA, MEA, and SBA

Within the machinery and equipment appraisal realm, there are a number of different designations that appraisers can earn. Three of the most common designations are Machinery & Equipment Appraiser (MEA), Certified Machinery & Equipment Appraiser (CMEA), and Senior Business Analyst (SBA). They all sound suitably impressive, but what do they all mean? A CMEA is […]

2022-12-20T09:11:31-05:00March 27th, 2013|Uncategorized|

Why Accountants Need a CMEA

The statements on gift taxes in the IRS Pension Protection Act of 2006 and the aspirational best practices for dealing with the IRS laid out in Circular 230, both of which we’ll discuss in later posts, state the importance of accountants verifying the values of equipment and machinery by securing a certified appraisal. Good accountants […]

2022-12-29T07:50:52-05:00July 1st, 2010|Uncategorized|
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