Opportunities in IRS Appraisals: What the Sunsetting of TCJA Could Mean for Appraisers

Video Coming Soon

It is very likely that demand for valuations for estate planning will soar if Congress does not take action to extend or make permanent the Tax Cuts and Jobs Act (TCJA) of 2017. The TCJA will expire, or “sunset,” on December 31, 2025, if no action is taken, and the federal estate and gift tax lifetime exemption will revert from $13.61 million per individual or $27.22 million per married couple (in 2024) to its pre-TCJA level of $5.6 million per individual, adjusted for inflation from 2017.

In preparation for this opportunity, appraisers should get familiar with the unique IRS requirements for real estate appraisals. This webinar aims to provide a high-level overview of changes in the IRS code involving estate tax and planning and how that can define appraiser's scope of work. Our expert panelists will discuss common errors and insufficiencies in appraisals and how reports are reviewed upon audit. Gain tips about how to solidify your appraisals to minimize any issues upon review.

Webinar Speakers:

Eric B. Garfield, MAI, CCIM, CRE
Executive Managing Director, Valuation & Advisory Group
Cushman & Wakefield

Priya Prakash Royal, Esq., LL.M., MBA, AEP, TEP
Managing Attorney
Royal Law Firm, PLLC

Justin Sok
Principal & Managing Director, Tax
Rich Feuer Anderson