{"id":12430,"date":"2010-06-24T04:40:48","date_gmt":"2010-06-24T08:40:48","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/why-attorneys-need-a-cmea\/"},"modified":"2022-12-29T08:37:23","modified_gmt":"2022-12-29T13:37:23","slug":"why-attorneys-need-a-cmea","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/why-attorneys-need-a-cmea\/","title":{"rendered":"Why Attorneys Need a CMEA"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Attorneys frequently work on cases that involve the value of a business\u2019 physical assets, such as machinery and equipment, but oftentimes rely on the client\u2019s estimates, follow a depreciation schedule, or guess at their value rather than rely on a certified machinery and equipment appraisal. Even value estimates put forth by an uncertified auctioneer or dealer will not hold up to scrutiny with the IRS, courts, or lenders. Being able to present values that are accurate, substantiated, irrefutable, and defensible will only strengthen your client\u2019s case.<\/p>\n<p>Here are just a few of the situations in which a certified appraisal can be of help to you and your client:<\/p>\n<p>* Loans \/ Leases \u2022 Property Taxes \u2022 Insurable Value<\/p>\n<p>* Divorce \u2022 Converting from C to S Corp \u2022 Cost Segregation<\/p>\n<p>* Taxes \u2022 1031 Exchanges \u2022 Trust Agreements<\/p>\n<p>* Buy \/ Sell Agreements \u2022 Estate Planning \u2022 Bankruptcy<\/p>\n<p>* Retirement Planning \u2022 Partnership Dissolution \u2022 Strategic Planning<\/p>\n<p>* Litigation Support \u2022 GASB 34 \u2022 Sarbanes-Oxley<\/p>\n<p>* Collateral \u2022 Gifting<\/p>\n<p>You don\u2019t want your client\u2019s divorce or partnership dissolution to exclude the value of their machinery and equipment because the opposing counsel has a certified machinery and equipment appraisal to rely upon and you don\u2019t. A certified machinery and equipment appraiser\u2019s professional credentials will withstand a Daubert challenge.<\/p>\n<p>An appraisal report from a certified machinery and equipment appraiser (CMEA) arms you with an irrefutable, defensible, and substantiated value of machinery and equipment that will prevail before the IRS, courts, lenders, attorneys, CPAs, and others. And when working with a CMEA, you know that you are receiving a report consistent with the Uniform Standards of Professional Appraisal Practice (<a href=\"..\/2010\/05\/20\/what-is-uspap\/\">USPAP<\/a>). In fact, the IRS may disallow a filing because there is not a certified appraisal report that substantiates equipment values.<\/p>\n<p>Contact a CMEA today to find out the difference between a <a href=\"..\/2010\/04\/28\/the-difference-between-certified-and-non-certified-appraisals\/\">\u201ccertified\u201d appraisal report and an \u201cuncertified\u201d appraisal report<\/a>.<\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Attorneys frequently work on cases that involve the value of a business\u2019 physical assets, such as machinery and equipment, but oftentimes rely on the client\u2019s estimates, follow a depreciation schedule, or guess at their value rather than rely on a certified machinery and equipment appraisal. Even value estimates put forth by an uncertified auctioneer or [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[40,47,53,48,35,37,44],"class_list":["post-12430","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-certified-appraisal","tag-machinery-and-equipment","tag-machinery-appraisal","tag-nebb","tag-nebb-institute","tag-nebbi","tag-uspap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Attorneys Need a CMEA?<\/title>\n<meta name=\"description\" content=\"Attorneys frequently work on cases that involve the value of a business\u2019 physical assets, such as machinery and equipment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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