(FALL 2009)

Charitable Contributions and Estate Tax: Are You Qualified? (Section 1) MGMT X404.45  (1.5)

An elective course in the Certificate Program in Appraisal Studies in Fine and Decorative Arts.
The Internal Revenue Service (IRS) has changed the rules governing charitable giving and estate tax. As a result of the Pension Protection Act passed in 2006 by Congress, all appraisers must be in compliance and knowledgeable in following new and existing laws covering the donation and estate tax of art, antiques, fine and decorative arts. Are you a "Qualified Appraiser" and do your appraisal reports meet the Qualified Appraisal Requirements as outlined by the IRS? Identify the professional qualifications and IRS definitions necessary for "Statement of Proof," "Fair Market Value," "Usable Condition," and others so you can stay ahead of your competition. Existing IRS and new rules will be examined and discussed. Refund deadline one week prior to start.

Joy Berus, Esq., partner in Barth Berus & Calderon, LLP, focuses her legal practice in business, corporate, contract and estate planning matters, with a specialization in the application of art law, including appraisal and copyright issues. She develops acquisition structures for investors and collectors for purchases of art, antiques, and other valuables, and advises on charitable donations, charitable trusts and valuation issues. She is a member of the State Bar of California, Orange County Bar Association, California Lawyers for the Arts, and is an affiliate member of the American Society of Appraisers.

Margaret Olsen, B.S., A.S.A. has been an appraiser for more than 30 years. Her American Society of Appraisers designations are Personal Property-Sports Collectibles and Memorabilia and Numismatics (coins and currency). She is an Education Consultant to Pratt Institute, a member of the UCI Advisory Committee, past ASA Personal Property Committee Education chair, Personal Property Committee member and member of the Board of Examiners. She has published articles about the appraisal profession, professional development, sports memorabilia, and co-authored "The Gold Book, A Guide to Commonly Traded Gold Bullion Coins and Bars" and "The Platinum and Palladium Buyer's Guide."