Question from Sally January 28, 2011 at 5:46am Richard, Will the IRS accept a property tax assessment as fair market value or must I use a real estate appraisal? the issue is in purchasing a piece ...

IRS Publication 561 provides guidance for determining the fair value of charitable contributions that a taxpayer may deduct from their taxable income. The IRS' fair market valuations are in line ...

How to Calculate Fair Market Value for Taxes. The only thing more enjoyable than being eligible to claim deductions on your tax return is being eligible to claim substantial deductions on your tax ...

Fair market values are also often utilized in taxation, such as when determining the fair market value of a property for a tax deduction after a casualty loss. 5 ...

The governing tax code publication for the fair market value of real estate is IRS Publication 561. 2 This publication addresses all types of property valuations including cars, boats, collections ...

If you set the price of your company's services at $50 /hour and customers agree to pay, the IRS would consider that proof of fair market value if the other conditions are met.

Assets in a restricted management account (RMA) are valued at fair market value, without regard to any RMA restrictions. 5 Property includable in a surviving spouse’s estate as qualified ...

Use the amount that an employee would need to pay to rent a vehicle to determine the fair market value of a company-provided vehicle. Calculate the lease value by using the chart in IRS ...