IRS Appriaser, Trust
Appraiser, Probate
Appraiser, date of
death appraiser,
Real Estate
Appraiser, Appraiser
Los Angeles
LA,Southern
California CA.Irs,
Trust, Probate, date
of death, Real Estate
Appraiser Real Estate
Appraiser Los Angeles,
Appraisal SERVICES:
appraisal institute,
Commercial Appraiser
Los Angeles,
Commercial Appraisal
Services, comp check,
value check, Real
Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
find appraiser, find
real estate
appraiser, Forensic
Appraiser Los Angeles,
real estate appraiser los
angeles, Forensic
Appraisal, Commercial
appraisal Southern
California,
Real Estate Appraiser Los
Angeles, Real Estate
Appraiser,
Curtis-Rosenthal Inc. real
estate appraiser &
consultant, comercial
appraiser, Expert
Witness, Real Estate
consultant, LA, L.A.,
Southern California
commercial appraiser,
appraiser los angeles,
real estate appraiser,
condemnation appraiser,
Eminent Domain
appraiser appraisal,
inverse condemnation
appraiser, commercial
expert witness real
estate, real property,
commercial appraiser,
commercial real estate, Los
Angeles, Estate , Probate, Trust,
Tax, MAI Appraiser, LA, L.A., real
estate land los angeles,
commercial real estate
inspectors, real estate brokers,
los angeles, real estate
appraiser, Los Angeles, llp,
mark to marker, Land Appraiser,
Special Purpose Property
Appraiser, Office Property,
Commercial appraisal,
Restaurant, Apartment,
VANDEMA, Southern California
Commercial Real Estate,
Residential Appraiser, Apartment
Appraiser,California
Appraiser,PMI Removal, Certified
General, Tax , Multi Family , Bank
appraisal institute,Apraiser,
Commercial Apraiser,
millionaire services,
la commercial
appraiser, ca
commercial appraiser
Irs, Trust, Probate,
date of death,
Real Estate
Appraiser ,
AREAS SERVED:
90001, 90002, 90003,
90004, 90005, 90006,
90007, 90008, 90009,
90010, 90011, 90012,
90013, 90014, 90015,
90016, 90017, 90018,
90019, 90020, 90021,
90022, 90023, 90024,
90025, 90026, 90027,
90028, 90029, 90030,
90031, 90032, 90033,
90034, 90035, 90036,
90037, 90038, 90039,
90040, 90041, 90042,
90043, 90044, 90045,
90046, 90047, 90048,
90049, 90050, 90051,
90052, 90053, 90054,
90055, 90056, 90057,
90058, 90059, 90060,
90061, 90062, 90063,
90064, 90065, 90066,
90067, 90068, 90069,
90070, 90071, 90072,
90073, 90074, 90075,
90076, 90077, 90078,
90079, 90080, 90081,
90082, 90083, 90084,
90086, 90087, 90088,
90089, 90091, 90093,
90094, 90095, 90096,
90097, 90099, 90101,
90102, 90103, 90174,
90185, 90189, 91331,
91335,
Appraiser, Probate
Appraiser, date of
death appraiser,
Real Estate
Appraiser, Appraiser
Los Angeles
LA,Southern
California CA.Irs,
Trust, Probate, date
of death, Real Estate
Appraiser Real Estate
Appraiser Los Angeles,
Appraisal SERVICES:
appraisal institute,
Commercial Appraiser
Los Angeles,
Commercial Appraisal
Services, comp check,
value check, Real
Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
find appraiser, find
real estate
appraiser, Forensic
Appraiser Los Angeles,
real estate appraiser los
angeles, Forensic
Appraisal, Commercial
appraisal Southern
California,
Real Estate Appraiser Los
Angeles, Real Estate
Appraiser,
Curtis-Rosenthal Inc. real
estate appraiser &
consultant, comercial
appraiser, Expert
Witness, Real Estate
consultant, LA, L.A.,
Southern California
commercial appraiser,
appraiser los angeles,
real estate appraiser,
condemnation appraiser,
Eminent Domain
appraiser appraisal,
inverse condemnation
appraiser, commercial
expert witness real
estate, real property,
commercial appraiser,
commercial real estate, Los
Angeles, Estate , Probate, Trust,
Tax, MAI Appraiser, LA, L.A., real
estate land los angeles,
commercial real estate
inspectors, real estate brokers,
los angeles, real estate
appraiser, Los Angeles, llp,
mark to marker, Land Appraiser,
Special Purpose Property
Appraiser, Office Property,
Commercial appraisal,
Restaurant, Apartment,
VANDEMA, Southern California
Commercial Real Estate,
Residential Appraiser, Apartment
Appraiser,California
Appraiser,PMI Removal, Certified
General, Tax , Multi Family , Bank
appraisal institute,Apraiser,
Commercial Apraiser,
millionaire services,
la commercial
appraiser, ca
commercial appraiser
Irs, Trust, Probate,
date of death,
Real Estate
Appraiser ,
AREAS SERVED:
90001, 90002, 90003,
90004, 90005, 90006,
90007, 90008, 90009,
90010, 90011, 90012,
90013, 90014, 90015,
90016, 90017, 90018,
90019, 90020, 90021,
90022, 90023, 90024,
90025, 90026, 90027,
90028, 90029, 90030,
90031, 90032, 90033,
90034, 90035, 90036,
90037, 90038, 90039,
90040, 90041, 90042,
90043, 90044, 90045,
90046, 90047, 90048,
90049, 90050, 90051,
90052, 90053, 90054,
90055, 90056, 90057,
90058, 90059, 90060,
90061, 90062, 90063,
90064, 90065, 90066,
90067, 90068, 90069,
90070, 90071, 90072,
90073, 90074, 90075,
90076, 90077, 90078,
90079, 90080, 90081,
90082, 90083, 90084,
90086, 90087, 90088,
90089, 90091, 90093,
90094, 90095, 90096,
90097, 90099, 90101,
90102, 90103, 90174,
90185, 90189, 91331,
91335,
Copyright 2005, 2006 All Rights Reserved, Terms of Use
| The Harris Company, Real Estate Appraiser / Consultant Los Angeles, California 310.337.1973 harris_curtis@sbcglobal.net |
| A Full Service Commercial Appraisal / Consulting Firm *Certified General Real Estate Appraiser (May Appraise Any Type of Real Estate) *Estate Tax Appraiser Inverse Condemnation / Forensic Appraiser *Trust Appraiser -Residential Real Estate Appraiser- Multi Family (Apartment) Appraiser- -Commercial Appraiser Los Angeles, Southern California- -Investment Property Appraiser- -Medical Office Property Appraiser- -Industrial Property Appraiser- -Special Purpose Property Appraiser- -Review Appraiser- *Discount Real Estate Broker (Total Commission 4%) *Real Property Inspector (ASTM E-2018-01 Protocol) Rehab/Remodel Consultant *HUD 203K Consultant |
| IRS Appraiser Trust Appraiser
|
| Los Angeles County Bar Association Appraisers and Forensic Experts Curtis D. Harris, BS, CGREA, REB |
| GOOGLE DESKTOP |
What's New? (Archives)
IT’S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional Association Membership: Membership in an appraisal organization: A State
Certified General Appraiser may not be excluded from consideration for an assignment for a federally related transaction by virtue of membership or lack of
membership in any particular appraisal organization (Including the Appraisal Institute (AKA mai)
Determining Fair Market Value
Determining the value of donated property would be a simple matter if you could rely only on fixed formulas, rules, or methods. Usually it is not that simple. Using
such formulas, etc., seldom results in an acceptable determination of FMV. There is no single formula that always applies when determining the value of property.
This is not to say that a valuation is only guesswork. You must consider all the facts and circumstances connected with the property, such as its desirability, use,
and scarcity.
For example, donated furniture should not be evaluated at some fixed rate such as 15% of the cost of new replacement furniture. When the furniture is
contributed, it may be out of style or in poor condition, therefore having little or no market value. On the other hand, it may be an antique, the value of which could
not be determined by using any formula.
Cost or Selling Price of the Donated Property
The cost of the property to you or the actual selling price received by the qualified organization may be the best indication of its FMV. However, because
conditions in the market change, the cost or selling price of property may have less weight if the property was not bought or sold reasonably close to the date of
contribution.
The cost or selling price is a good indication of the property's value if:
•
The purchase or sale took place close to the valuation date in an open market,
•
The purchase or sale was at “arm's-length,”
•
The buyer and seller knew all relevant facts,
•
The buyer and seller did not have to act, and
•
The market did not change between the date of purchase or sale and the valuation date.
Example.
Tom Morgan, who is not a dealer in gems, bought an assortment of gems for $5,000 from a promoter. The promoter claimed that the price was “wholesale” even
though he and other dealers made similar sales at similar prices to other persons who were not dealers. The promoter said that if Tom kept the gems for more
than 1 year and then gave them to charity, Tom could claim a charitable deduction of $15,000, which, according to the promoter, would be the value of the gems at
the time of contribution. Tom gave the gems to a qualified charity 13 months after buying them.
The selling price for these gems had not changed from the date of purchase to the date he donated them to charity. The best evidence of FMV depends on actual
transactions and not on some artificial estimate. The $5,000 charged Tom and others is, therefore, the best evidence of the maximum FMV of the gems.
For Appraisers, New Tax
Qualification Rules and
Special Penalty
Appraisers who perform valuations for federal (IRS-TRUST) tax purposes must now operate under several
significant professional responsibility constraints, including greater required professional
credentials and potential application of monetary penalties. Irs, Trust, Probate, date of death, Real Estate Appraiser.
Complaints Against Tax Professionals - Frequently Asked Questions
What types of behavior could subject a tax practitioner to be sanctioned by the OPR?
How do I make a complaint against an attorney, enrolled agent, appraiser or a certified public accountant?
What information should be contained in the complaint to OPR?
What happens after I make a complaint to OPR?
What types of sanctions may be imposed by the OPR?
How can I find out if my tax practitioner has been sanctioned by OPR?
How do I make a complaint against an unenrolled preparer?
Can OPR make a tax practitioner give a client’s money or their files back?
What types of behavior could subject a tax practitioner to be sanctioned by the OPR?
In general, there are four broad categories of misconduct, which may be subject to disciplinary action: (1) misconduct while representing a taxpayer; (2)
misconduct related to the practitioner’s own return; (3) giving a false opinion, knowingly, recklessly, or through gross incompetence, (4) misconduct not directly
involving IRS representation.
Foundation's Sale of Interests in Condos Not UBI 06/26/07
In determining if the sale of property held by a foundation produces unrelated business income, a determining factor is whether the property was held primarily
for sale to customers in the ordinary course of a trade or business. Even though a foundation participated in the development of condomiums, the Service has
ruled that a subsequent sale by the foundation of its interest will not produce UBI or adversely affect the foundation's 501(c)(3) exempt status.
Appellate Court Affirms Denial of Estate Tax Charitable Deduction 06/26/07
The Third Circuit Court of Appeals has affirmed the decison of the District Court in Edmond C. Galloway v. United States in denying an estate tax charitable
deduction because a split-interest charitable trust did not take the form of a qualified charitable remainder annuity trust, charitable remainder unitrust, or pooled
income fund in compliance with IRC section 2055(e).
Please visit our PGDC for more information about us, as well as the latest thinking on planned giving issues from some of our industry's top minds. Please contact
us if you have any questions or comments. We look forward to assisting you in any way we can.
Form 706 Hot Topics From the Perspective of IRS Estate Tax Attorneys – Results of a Survey
Form 706 Hot Topics From the Perspective of IRS Estate Tax Attorneys - Results of a Survey
© Keith Schiller, 2000
This article was published by
The Continuing Education of the Bar
"Estate Planning and Trust Reporter"
February 2000
Should You File a "Fat" Return?
The first question in the survey asked whether the IRS attorney preferred "fat" estate tax returns, which were defined as ones with appraisals attached. This and
all questions in the survey then invited comments. Overwhelmingly (87.5 percent) the respondents expressed a preference for a "fat" return. If important
materials are not attached, the estate tax attorneys are more likely to request the missing information and inquire about other matters as well. (One very senior
respondent who did not recommend a fat return stated that a fat return is advised when staffing-levels are normal.)
http://www.slg4law.com/Publications2_8.shtml
Of course, wills, trusts, and appraisals may not be the only attachments needed to avoid unanswered questions. Other frequently needed attachments include
proof of the contributions of joint tenants who are not spouses; gift tax returns; Forms 712 for life insurance; and a wide variety of documents that may be needed
to address special situations.
What Filing Practices Cause Audits?
The second question in the survey asked, "Is there any one (or more than one) behavior, presentation, filing practice or other conduct by practitioners that you
believe most likely causes audits to arise?" Again, comments were requested. Over 93 percent of IRS respondents identified one or more practitioner actions that
trigger audits. Not surprisingly, many of the responses (7 out of 16) mentioned excessive valuation discounts. Unfortunately, there is neither formal nor informal
guidance as to how deep a discount may be considered excessive. The practitioner who pursues a seemingly moderate discount has no assurance that the
discount will be accepted. Accordingly, practitioners have to balance the desired result, potential IRS objections to even a "moderate and reasonable discount,"
the cost of audit (plus interest), and the potential for a favorable result in audit, appeal, or the Tax Court.
Just over 50 percent of the responses expressed preference for a fee appraiser. Several of these replies, as well as others that did not specify a particular type
of appraiser, emphasized the importance of references to comparable sales or "evidence." Two responses expressed satisfaction with the HUD form of appraisal,
which is less expensive than a full-blown fee report. Respondents were more interested in quality of the appraisal than with type.
One respondent indicated that his/her discount percentage would apply only if the property is not community property, and that no discount would apply in the
community property setting. A practitioner faced with a zero-discount assertion for community property may need to seek review by the group manager or through
IRS Appeals. A denial based on family attribution is contrary to a wide body of law, even to the point of sanctions against the Service. See, e.g., Estate of Cervin v
Commissioner (5th Cir 1997) 111 F3d 1252, reported in 18 CEB Est Plan R 177 (June 1997) (attorney fees awarded because IRS position against allowing fractional-
share discount for real property was unreasonable); Propstra v U.S. (9th Cir 1982) 680 F2d 1248, reported in 4 CEB Est Plan R 52 (Dec. 1982) (discount allowed for
community property interest in real property); and Estate of Bright v U.S. (5th Cir 1981) 658 F2d 999, reported in 3 CEB Est Plan R 63 (Feb. 1982) (community
property one-half share of a 55-percent block of stock is valued as a 27 1/2-percent block). Several respondents indicated no safe harbor and stated that they
require an appraisal to establish the discount amount.
TABLE I
Responses to survey Question 6, asking respondents to state the range of fractional discount "you would generally find acceptable for 1/2 interests in four types
of real property"
Type of Property/
Respondent Single Family
Residential Commercial Rental
Property Raw Land
Not Leased Farmland
1 0-5 10-35 10-35 5-25
2 15 20 15 20
3 15 15 15 15
4 15-30 25-40 25-40 25-40
5 20 20 20 20
6 15 15 15 15
7 25 15 15 15
8 15-20 15-20 15-20 15-20
9 15-20 15 15-30 15-20
10 15 12-15 20 20
11 15 15 15 15
12 0 No answer No answer 15
Readers are cautioned that, although it is possible to calculate an average for the responses, the individual responses, and even some of the ranges for
particular IRS attorneys, vary sufficiently that no clear practice emerges. From a practical standpoint, in deciding whether to advise a client to pursue a fractional-
interest discount within the general perceived "comfort range," attorneys will be balancing matters of relative staffing levels of the IRS, size of the estate, value
of the asset, presence of issues apart from the fractional interest, and the client's willingness to deal with the "luck of the draw." Irs, Trust, Probate, date of death,
Real Estate Appraiser.
How About a Vacation from the Complexity of Vacation Home Rules?
By August A. Saibeni
E-mail Story
Print Story
APRIL 2007 - IRC section 280A, “Disallowance of Expenses Relating to the Use of a Home with a Business,” does not allow individual taxpayers to deduct expenses
that would otherwise be allowed for a dwelling unit used by the taxpayer as a residence. Exceptions include qualified interest, taxes, casualty losses, and certain
business uses. Restrictions on deductions and losses also specifically apply to vacation home rentals.
Complexity arises from several IRC sections, including 280A, which defines whether a vacation home is a residence and provides guidelines to categorize the
property as personal, rental, or some combination of the two. If property is considered to be a vacation home, section 280A applies to limit losses; if property is
considered to be strictly rental, passive activity loss rules of IRC section 469 apply to the activity. The dwelling could also be held as an investment or used as part
personal and part business, such as a home office (both of which are beyond the scope of this article). As with any endeavor, if the activity is strictly personal in
nature and not pursued with the intent to make a profit, the hobby loss provisions of IRC section 183 will disallow the deduction of any net losses.
Attaining Capital Gains Treatment of Property Transactions: Dealer Versus Investor
Recent Case Law Provides Guidance for Taxpayers Seeking Investor Status
By Frances E. McNair, Michael F. Lynch, and Nicholas C. Lynch
E-mail Story
Print Story
JUNE 2007 - Notwithstanding the recent downturn in the housing market, real estate values remain close to an all-time high. Because of the current low capital
gains rates, many speculative investors are selling large parcels of undeveloped or partially developed real estate. The IRS has sought to tax such sales at the
higher ordinary income rates. According to the IRS, if such sales are frequent or substantial, if the property has been improved too much by the seller, or if the
seller is merely an “agent” of the buyer, then the IRS will deny capital gains treatment. Whether a seller is deemed a “dealer” or “investor” has been a concern for
a long time.
Gain or loss on property held for sale by a dealer is generally treated as ordinary income (loss) for tax purposes, whereas sales of capital assets that are held for
“investment” purposes receive capital gain (loss) treatment. No explicit legal standard exists for the determination of dealer status in the sale of property. The
problem is so severe that, according to the Fifth Circuit Court of Appeals, “if a client asks you in any but an extreme case whether, in your opinion, his sale will
result in capital gain, your answer should probably be, ‘I don’t know and no one else in town can tell you’” (J.D. Byram, CA-5, 83-1 USTC para. 9381, 705 F. 2d 1418).
Recent court decisions have led to constructive guidance for taxpayers wishing to frame their selling activities to favor investor status.
Internal Revenue Service Instructions for Form 706
(Rev. October 2006)
United States Estate (and Generation-Skipping Transfer) Tax Return
(Irs, Trust, Probate, date of death, Real Estate Appraiser Los Angeles, Commercial Appraisal Services, millionaire services, Real Estate Appraiser, Real Estate
Appraiser Los Angeles, find appraiser, find real estate appraiser, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties, Irs, Trust, Probate,
date of death, Real Estate Appraiser.)
"SEC. 6695A. SUBSTANTIAL AND GROSS VALUATION MISSTATEMENTS ATTRIBUTABLE TO INCORRECT APPRAISALS.
"(a) IMPOSITION OF PENALTY. -- If --
"(1) a person prepares an appraisal of the value of property and such person knows, or reasonably should have known, that the appraisal would be used in
connection with a return or a claim for refund, and
"(2) the claimed value of the property on a return or claim for refund which is based on such appraisal results in a substantial valuation misstatement under
chapter 1 (within the meaning of section 6662(e)), or a gross valuation misstatement (within the meaning of section 6662(h)), with respect to such property, then
such person shall pay a penalty in the amount determined under subsection (b).
"(b) AMOUNT OF PENALTY. -- The amount of the penalty imposed under subsection (a) on any person with respect to an appraisal shall be equal to the lesser of --
"(1) the greater of --
"(A) 10 percent of the amount of the underpayment (as defined in section 6664(a)) attributable to the misstatement described in subsection (a)(2), or
"(B) $1,000, or
"(2) 125 percent of the gross income received by the person described in subsection (a)(1) from the preparation of the appraisal.
"(c) EXCEPTION. -- No penalty shall be imposed under subsection (a) if the person establishes to the satisfaction of the Secretary that the value established in the
appraisal was more likely than not the proper value.".
(2) RULES APPLICABLE TO PENALTY. -- Section 6696 (relating to rules applicable with respect to sections 6694 and 6695) is amended - -
(A) by striking "6694 and 6695" each place it appears in the text and heading and inserting "6694, 6695, and 6695A", and
(B) by striking "6694 or 6695" each place it appears in the text and inserting "6694, 6695, or 6695A".
(3) CONFORMING AMENDMENT. -- The table of sections for part I of subchapter B of chapter 68 is amended by striking the item relating to section 6696 and
inserting the following new items:
"Sec. 6695A.. Substantial and gross valuation misstatements attributable to incorrect appraisals.
"Sec. 6696. Rules applicable with respect to sections 6694, 6695, and 6695A.".
(c) QUALIFIED APPRAISERS AND APPRAISALS. --
(1) IN GENERAL. -- Subparagraph (E) of section 170(f)(11) is amended to read as follows:
"(E) QUALIFIED APPRAISAL AND APPRAISER. -- For purposes of this paragraph --
"(i) QUALIFIED APPRAISAL. -- The term 'qualified appraisal' means, with respect to any property, an appraisal of such property which --
"(I) is treated for purposes of this paragraph as a qualified appraisal under regulations or other guidance prescribed by the Secretary, and
"(II) is conducted by a qualified appraiser in accordance with generally accepted appraisal standards and any regulations or other guidance prescribed under
subclause (I).
"(ii) QUALIFIED APPRAISER. -- Except as provided in clause (iii), the term 'qualified appraiser' means an individual who --
"(I) has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum education and experience
requirements set forth in regulations prescribed by the Secretary,
"(II) regularly performs appraisals for which the individual receives compensation, and
"(III) meets such other requirements as may be prescribed by the Secretary in regulations or other guidance.
"(iii) SPECIFIC APPRAISALS. -- An individual shall not be treated as a qualified appraiser with respect to any specific appraisal unless --
"(I) the individual demonstrates verifiable education and experience in valuing the type of property subject to the appraisal, and
"(II) the individual has not been prohibited from practicing before the Internal Revenue Service by the Secretary under section 330(c) of title 31, United States
Code, at any time during the 3-year period ending on the date of the appraisal.".
(2) REASONABLE CAUSE EXCEPTION. -- Subparagraphs (B) and (C) of section 6664(c)(3) are amended to read as follows:
"(B) QUALIFIED APPRAISAL. -- The term 'qualified appraisal' has the meaning given such term by section 170(f)(11)(E)(i).
"(C) QUALIFIED APPRAISER. -- The term 'qualified appraiser' has the meaning given such term by section 170(f)(11)(E)(ii).".
(d) DISCIPLINARY ACTIONS AGAINST APPRAISERS. -- Section 330(c) of title 31, United States Code, is amended by striking "with respect to whom a penalty has been
assessed under section 6701(a) of the Internal Revenue Code of 1986".
(e) EFFECTIVE DATES. --
(1) MISSTATEMENT PENALTIES. -- Except as provided in paragraph (3), the amendments made by subsection (a) shall apply to returns filed after the date of the
enactment of this Act.
(2) APPRAISER PROVISIONS. -- Except as provided in paragraph (3), the amendments made by subsections (b), (c), and (d) shall apply to appraisals prepared with
respect to returns or submissions filed after the date of the enactment of this Act.
(3) SPECIAL RULE FOR CERTAIN EASEMENTS. -- In the case of a contribution of a qualified real property interest which is a restriction with respect to the exterior of
a building described in section 170(h)(4)(C)(ii) of the Internal Revenue Code of 1986, and an appraisal with respect to the contribution, the amendments made by
subsections (a) and (b) shall apply to returns filed after December 16, 2004.
Los Angeles City, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005, 90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017,
90018, 90019, 90020, 90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035, 90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044,
90045, 90046, 90047, 90048, 90049, 90050, 90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065, 90066, 90067, 90068, 90069, 90070, 90071,
90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080, 90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099, 90101, 90102, 90103,
90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway (City of LA) 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers (City of LA) 90071
Arleta (City of LA) 91331
Artesia 90680
Athens 90044
Atwater Village (City of LA) 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates (City of LA) 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen (City of LA) 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights (City of LA) 90033
Bradbury 91010
Brentwood (City of LA) 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge (City of LA) 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park (City of LA) 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare (City of LA) 90272
Century City (City of LA) 90067
Cerritos 90701
Chatsworth (City of LA) 91311
Cheviot Hills (City of LA) 90064
Chinatown (City of LA) 90012
City Terrace 90063
Civic Center (City of LA) 90012
Claremont 91711
Commerce, City of 90040
Compton 90220 - 90222
Country Club Park (City of LA) 90019
Covina 91722 - 91724
Crenshaw (City of LA) 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park (City of LA) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles (City of LA) 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock (City of LA) 90041
East Los Angeles 90022
East Los Angeles (City of LA) 90023
East Rancho Dominguez 90221
Echo Park (City of LA) 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno (City of LA) 90032
Elizabeth Lake 93532
Encino (City of LA) 91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park (City of LA) 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills (City of LA) 91344
Griffith Park (City of LA) 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City (City of LA) 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park (City of LA) 90042
Hollywood (City of LA) 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park (City of LA) 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park (City of LA) 90018
Juniper Hills 93543
Koreatown (City of LA) 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights (City of LA) 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area (City of LA) 90045
Leimert Park (City of LA) 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
Los Angeles (LAX Area) 90045
Los Angeles (Leimert Park) 90008
Los Angeles (Los Feliz) 90027
Los Angeles (Mar Vista) 90066
Los Angeles (Mid City) 90019
Los Angeles (Mission Hills) 91345
Los Angeles (Montecito Heights) 90031
Los Angeles (Mount Olympus) 90046
Los Angeles (Mt. Washington) 90065
Los Angeles (North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
Los Angeles (Palms) 90034
Panorama City) 91402
Los Angeles (Park La Brea) 90036
Los Angeles (Pico Heights) 90006
Playa del Rey) 90293
Los Angeles (Porter Ranch) 91326
Los Angeles (Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
Los Angeles (Sawtelle) 90025
Los Angeles (Shadow Hills) 91040
Los Angeles (Sherman Oaks) 91403 / 91423
Los Angeles (Silverlake) 90026
Los Angeles (South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
Los Angeles (Studio City) 91604
Los Angeles (Sun Valley) 91352
Los Angeles (Sunland) 91040
Los Angeles (Sylmar) 91342
Los Angeles (Tarzana) 91356
Los Angeles (Terminal Island) 90731
Los Angeles (Toluca Lake) 91602
Los Angeles (Tujunga) 91042
Los Angeles (USC) 90089
Los Angeles (Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
Los Angeles (Venice) 90291
Los Angeles (Watts) 90002/90059
Los Angeles (West Adams) 90016
Los Angeles (West Beverly) 90048
Los Angeles (West Fairfax) 90035
Los Angeles (West Hills) 91307
Los Angeles (West Los Angeles) 90025
Los Angeles (Westchester) 90045
Los Angeles (Westlake) 90057
Los Angeles (Westwood) 90024
Wilmington) 90744
Los Angeles (Wilshire Blvd) 90010
Los Angeles (Winnetka) 91306
Los Angeles (Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City (City of LA) 90019
Mission Hills (City of LA) 91345
Monrovia 91016
Montebello 90640
Montecito Heights (City of LA) 90031
Monterey Hills (City of LA) 90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus (City of LA) 90046
Mount Wilson 91023
Mt. Washington (City of LA) 90065
Newhall (Santa Clarita) 91321
North Hills (City of LA) 91343
North Hollywood (City of LA) 91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge (City of LA) 91324 - 91325
Northridge, Cal State Univ. (City of LA) 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands (City of LA) 90272
Pacific Palisades (City of LA) 90272
Pacoima (City of LA) 91331
Palmdale 93550 - 93552 / 93591
Palms (City of LA) 90034
Palos Verdes Estates 90274
Panorama City (City of LA) 91402
Paramount 90723
Park La Brea (City of LA) 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights (City of LA) 90006
Pico Rivera 90660
Playa del Rey (City of LA) 90293
Playa Vista (City of LA) 90094
Pomona 91766-91768
Porter Ranch (City of LA) 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park (City of LA) 90064
Redondo Beach 90277 - 90278
Reseda (City of LA) 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (City of LA) 90731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle (City of LA) 90025
Shadow Hills (City of LA) 91040
Sherman Oaks (City of LA) 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake (City of LA) 90026
South Central (City of LA) 90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City (City of LA) 91604
Sun Valley (City of LA) 91352
Sunland (City of LA) 91040
Sylmar (City of LA) 91342
Tarzana (City of LA) 91356
Temple City 91780
Terminal Island (City of LA) 90731
Toluca Lake (City of LA) 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga (City of LA) 91042
Universal City 91608
USC (City of LA) 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village (City of LA) 91607
Valyermo 93563
Van Nuys (City of LA) 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice (City of LA) 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts (City of LA) 90002 /90059
West Adams (City of LA) 90016
West Beverly (City of LA) 90048
West Covina 91790-91793
West Fairfax (City of LA) 90035
West Hills (City of LA) 91307
West Hollywood 90069
West Los Angeles (City of LA) 90025
Westchester (City of LA) 90045
Westlake (City of LA) 90057
Westlake Village 91361 - 91362
Westwood (City of LA) 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington (City of LA) 90744
Wilshire Blvd (City of LA) 90010
Windsor Hills 90043
Winnetka (City of LA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills (City of LA) 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San
Bernardino Counties,
Curtis - Rosenthal, Inc.
IT’S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional Association Membership: Membership in an appraisal organization: A State
Certified General Appraiser may not be excluded from consideration for an assignment for a federally related transaction by virtue of membership or lack of
membership in any particular appraisal organization (Including the Appraisal Institute (AKA mai)
Determining Fair Market Value
Determining the value of donated property would be a simple matter if you could rely only on fixed formulas, rules, or methods. Usually it is not that simple. Using
such formulas, etc., seldom results in an acceptable determination of FMV. There is no single formula that always applies when determining the value of property.
This is not to say that a valuation is only guesswork. You must consider all the facts and circumstances connected with the property, such as its desirability, use,
and scarcity.
For example, donated furniture should not be evaluated at some fixed rate such as 15% of the cost of new replacement furniture. When the furniture is
contributed, it may be out of style or in poor condition, therefore having little or no market value. On the other hand, it may be an antique, the value of which could
not be determined by using any formula.
Cost or Selling Price of the Donated Property
The cost of the property to you or the actual selling price received by the qualified organization may be the best indication of its FMV. However, because
conditions in the market change, the cost or selling price of property may have less weight if the property was not bought or sold reasonably close to the date of
contribution.
The cost or selling price is a good indication of the property's value if:
•
The purchase or sale took place close to the valuation date in an open market,
•
The purchase or sale was at “arm's-length,”
•
The buyer and seller knew all relevant facts,
•
The buyer and seller did not have to act, and
•
The market did not change between the date of purchase or sale and the valuation date.
Example.
Tom Morgan, who is not a dealer in gems, bought an assortment of gems for $5,000 from a promoter. The promoter claimed that the price was “wholesale” even
though he and other dealers made similar sales at similar prices to other persons who were not dealers. The promoter said that if Tom kept the gems for more
than 1 year and then gave them to charity, Tom could claim a charitable deduction of $15,000, which, according to the promoter, would be the value of the gems at
the time of contribution. Tom gave the gems to a qualified charity 13 months after buying them.
The selling price for these gems had not changed from the date of purchase to the date he donated them to charity. The best evidence of FMV depends on actual
transactions and not on some artificial estimate. The $5,000 charged Tom and others is, therefore, the best evidence of the maximum FMV of the gems.
For Appraisers, New Tax
Qualification Rules and
Special Penalty
Appraisers who perform valuations for federal (IRS-TRUST) tax purposes must now operate under several
significant professional responsibility constraints, including greater required professional
credentials and potential application of monetary penalties. Irs, Trust, Probate, date of death, Real Estate Appraiser.
Complaints Against Tax Professionals - Frequently Asked Questions
What types of behavior could subject a tax practitioner to be sanctioned by the OPR?
How do I make a complaint against an attorney, enrolled agent, appraiser or a certified public accountant?
What information should be contained in the complaint to OPR?
What happens after I make a complaint to OPR?
What types of sanctions may be imposed by the OPR?
How can I find out if my tax practitioner has been sanctioned by OPR?
How do I make a complaint against an unenrolled preparer?
Can OPR make a tax practitioner give a client’s money or their files back?
What types of behavior could subject a tax practitioner to be sanctioned by the OPR?
In general, there are four broad categories of misconduct, which may be subject to disciplinary action: (1) misconduct while representing a taxpayer; (2)
misconduct related to the practitioner’s own return; (3) giving a false opinion, knowingly, recklessly, or through gross incompetence, (4) misconduct not directly
involving IRS representation.
Foundation's Sale of Interests in Condos Not UBI 06/26/07
In determining if the sale of property held by a foundation produces unrelated business income, a determining factor is whether the property was held primarily
for sale to customers in the ordinary course of a trade or business. Even though a foundation participated in the development of condomiums, the Service has
ruled that a subsequent sale by the foundation of its interest will not produce UBI or adversely affect the foundation's 501(c)(3) exempt status.
Appellate Court Affirms Denial of Estate Tax Charitable Deduction 06/26/07
The Third Circuit Court of Appeals has affirmed the decison of the District Court in Edmond C. Galloway v. United States in denying an estate tax charitable
deduction because a split-interest charitable trust did not take the form of a qualified charitable remainder annuity trust, charitable remainder unitrust, or pooled
income fund in compliance with IRC section 2055(e).
Please visit our PGDC for more information about us, as well as the latest thinking on planned giving issues from some of our industry's top minds. Please contact
us if you have any questions or comments. We look forward to assisting you in any way we can.
Form 706 Hot Topics From the Perspective of IRS Estate Tax Attorneys – Results of a Survey
Form 706 Hot Topics From the Perspective of IRS Estate Tax Attorneys - Results of a Survey
© Keith Schiller, 2000
This article was published by
The Continuing Education of the Bar
"Estate Planning and Trust Reporter"
February 2000
Should You File a "Fat" Return?
The first question in the survey asked whether the IRS attorney preferred "fat" estate tax returns, which were defined as ones with appraisals attached. This and
all questions in the survey then invited comments. Overwhelmingly (87.5 percent) the respondents expressed a preference for a "fat" return. If important
materials are not attached, the estate tax attorneys are more likely to request the missing information and inquire about other matters as well. (One very senior
respondent who did not recommend a fat return stated that a fat return is advised when staffing-levels are normal.)
http://www.slg4law.com/Publications2_8.shtml
Of course, wills, trusts, and appraisals may not be the only attachments needed to avoid unanswered questions. Other frequently needed attachments include
proof of the contributions of joint tenants who are not spouses; gift tax returns; Forms 712 for life insurance; and a wide variety of documents that may be needed
to address special situations.
What Filing Practices Cause Audits?
The second question in the survey asked, "Is there any one (or more than one) behavior, presentation, filing practice or other conduct by practitioners that you
believe most likely causes audits to arise?" Again, comments were requested. Over 93 percent of IRS respondents identified one or more practitioner actions that
trigger audits. Not surprisingly, many of the responses (7 out of 16) mentioned excessive valuation discounts. Unfortunately, there is neither formal nor informal
guidance as to how deep a discount may be considered excessive. The practitioner who pursues a seemingly moderate discount has no assurance that the
discount will be accepted. Accordingly, practitioners have to balance the desired result, potential IRS objections to even a "moderate and reasonable discount,"
the cost of audit (plus interest), and the potential for a favorable result in audit, appeal, or the Tax Court.
Just over 50 percent of the responses expressed preference for a fee appraiser. Several of these replies, as well as others that did not specify a particular type
of appraiser, emphasized the importance of references to comparable sales or "evidence." Two responses expressed satisfaction with the HUD form of appraisal,
which is less expensive than a full-blown fee report. Respondents were more interested in quality of the appraisal than with type.
One respondent indicated that his/her discount percentage would apply only if the property is not community property, and that no discount would apply in the
community property setting. A practitioner faced with a zero-discount assertion for community property may need to seek review by the group manager or through
IRS Appeals. A denial based on family attribution is contrary to a wide body of law, even to the point of sanctions against the Service. See, e.g., Estate of Cervin v
Commissioner (5th Cir 1997) 111 F3d 1252, reported in 18 CEB Est Plan R 177 (June 1997) (attorney fees awarded because IRS position against allowing fractional-
share discount for real property was unreasonable); Propstra v U.S. (9th Cir 1982) 680 F2d 1248, reported in 4 CEB Est Plan R 52 (Dec. 1982) (discount allowed for
community property interest in real property); and Estate of Bright v U.S. (5th Cir 1981) 658 F2d 999, reported in 3 CEB Est Plan R 63 (Feb. 1982) (community
property one-half share of a 55-percent block of stock is valued as a 27 1/2-percent block). Several respondents indicated no safe harbor and stated that they
require an appraisal to establish the discount amount.
TABLE I
Responses to survey Question 6, asking respondents to state the range of fractional discount "you would generally find acceptable for 1/2 interests in four types
of real property"
Type of Property/
Respondent Single Family
Residential Commercial Rental
Property Raw Land
Not Leased Farmland
1 0-5 10-35 10-35 5-25
2 15 20 15 20
3 15 15 15 15
4 15-30 25-40 25-40 25-40
5 20 20 20 20
6 15 15 15 15
7 25 15 15 15
8 15-20 15-20 15-20 15-20
9 15-20 15 15-30 15-20
10 15 12-15 20 20
11 15 15 15 15
12 0 No answer No answer 15
Readers are cautioned that, although it is possible to calculate an average for the responses, the individual responses, and even some of the ranges for
particular IRS attorneys, vary sufficiently that no clear practice emerges. From a practical standpoint, in deciding whether to advise a client to pursue a fractional-
interest discount within the general perceived "comfort range," attorneys will be balancing matters of relative staffing levels of the IRS, size of the estate, value
of the asset, presence of issues apart from the fractional interest, and the client's willingness to deal with the "luck of the draw." Irs, Trust, Probate, date of death,
Real Estate Appraiser.
How About a Vacation from the Complexity of Vacation Home Rules?
By August A. Saibeni
E-mail Story
Print Story
APRIL 2007 - IRC section 280A, “Disallowance of Expenses Relating to the Use of a Home with a Business,” does not allow individual taxpayers to deduct expenses
that would otherwise be allowed for a dwelling unit used by the taxpayer as a residence. Exceptions include qualified interest, taxes, casualty losses, and certain
business uses. Restrictions on deductions and losses also specifically apply to vacation home rentals.
Complexity arises from several IRC sections, including 280A, which defines whether a vacation home is a residence and provides guidelines to categorize the
property as personal, rental, or some combination of the two. If property is considered to be a vacation home, section 280A applies to limit losses; if property is
considered to be strictly rental, passive activity loss rules of IRC section 469 apply to the activity. The dwelling could also be held as an investment or used as part
personal and part business, such as a home office (both of which are beyond the scope of this article). As with any endeavor, if the activity is strictly personal in
nature and not pursued with the intent to make a profit, the hobby loss provisions of IRC section 183 will disallow the deduction of any net losses.
Attaining Capital Gains Treatment of Property Transactions: Dealer Versus Investor
Recent Case Law Provides Guidance for Taxpayers Seeking Investor Status
By Frances E. McNair, Michael F. Lynch, and Nicholas C. Lynch
E-mail Story
Print Story
JUNE 2007 - Notwithstanding the recent downturn in the housing market, real estate values remain close to an all-time high. Because of the current low capital
gains rates, many speculative investors are selling large parcels of undeveloped or partially developed real estate. The IRS has sought to tax such sales at the
higher ordinary income rates. According to the IRS, if such sales are frequent or substantial, if the property has been improved too much by the seller, or if the
seller is merely an “agent” of the buyer, then the IRS will deny capital gains treatment. Whether a seller is deemed a “dealer” or “investor” has been a concern for
a long time.
Gain or loss on property held for sale by a dealer is generally treated as ordinary income (loss) for tax purposes, whereas sales of capital assets that are held for
“investment” purposes receive capital gain (loss) treatment. No explicit legal standard exists for the determination of dealer status in the sale of property. The
problem is so severe that, according to the Fifth Circuit Court of Appeals, “if a client asks you in any but an extreme case whether, in your opinion, his sale will
result in capital gain, your answer should probably be, ‘I don’t know and no one else in town can tell you’” (J.D. Byram, CA-5, 83-1 USTC para. 9381, 705 F. 2d 1418).
Recent court decisions have led to constructive guidance for taxpayers wishing to frame their selling activities to favor investor status.
Internal Revenue Service Instructions for Form 706
(Rev. October 2006)
United States Estate (and Generation-Skipping Transfer) Tax Return
(Irs, Trust, Probate, date of death, Real Estate Appraiser Los Angeles, Commercial Appraisal Services, millionaire services, Real Estate Appraiser, Real Estate
Appraiser Los Angeles, find appraiser, find real estate appraiser, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties, Irs, Trust, Probate,
date of death, Real Estate Appraiser.)
"SEC. 6695A. SUBSTANTIAL AND GROSS VALUATION MISSTATEMENTS ATTRIBUTABLE TO INCORRECT APPRAISALS.
"(a) IMPOSITION OF PENALTY. -- If --
"(1) a person prepares an appraisal of the value of property and such person knows, or reasonably should have known, that the appraisal would be used in
connection with a return or a claim for refund, and
"(2) the claimed value of the property on a return or claim for refund which is based on such appraisal results in a substantial valuation misstatement under
chapter 1 (within the meaning of section 6662(e)), or a gross valuation misstatement (within the meaning of section 6662(h)), with respect to such property, then
such person shall pay a penalty in the amount determined under subsection (b).
"(b) AMOUNT OF PENALTY. -- The amount of the penalty imposed under subsection (a) on any person with respect to an appraisal shall be equal to the lesser of --
"(1) the greater of --
"(A) 10 percent of the amount of the underpayment (as defined in section 6664(a)) attributable to the misstatement described in subsection (a)(2), or
"(B) $1,000, or
"(2) 125 percent of the gross income received by the person described in subsection (a)(1) from the preparation of the appraisal.
"(c) EXCEPTION. -- No penalty shall be imposed under subsection (a) if the person establishes to the satisfaction of the Secretary that the value established in the
appraisal was more likely than not the proper value.".
(2) RULES APPLICABLE TO PENALTY. -- Section 6696 (relating to rules applicable with respect to sections 6694 and 6695) is amended - -
(A) by striking "6694 and 6695" each place it appears in the text and heading and inserting "6694, 6695, and 6695A", and
(B) by striking "6694 or 6695" each place it appears in the text and inserting "6694, 6695, or 6695A".
(3) CONFORMING AMENDMENT. -- The table of sections for part I of subchapter B of chapter 68 is amended by striking the item relating to section 6696 and
inserting the following new items:
"Sec. 6695A.. Substantial and gross valuation misstatements attributable to incorrect appraisals.
"Sec. 6696. Rules applicable with respect to sections 6694, 6695, and 6695A.".
(c) QUALIFIED APPRAISERS AND APPRAISALS. --
(1) IN GENERAL. -- Subparagraph (E) of section 170(f)(11) is amended to read as follows:
"(E) QUALIFIED APPRAISAL AND APPRAISER. -- For purposes of this paragraph --
"(i) QUALIFIED APPRAISAL. -- The term 'qualified appraisal' means, with respect to any property, an appraisal of such property which --
"(I) is treated for purposes of this paragraph as a qualified appraisal under regulations or other guidance prescribed by the Secretary, and
"(II) is conducted by a qualified appraiser in accordance with generally accepted appraisal standards and any regulations or other guidance prescribed under
subclause (I).
"(ii) QUALIFIED APPRAISER. -- Except as provided in clause (iii), the term 'qualified appraiser' means an individual who --
"(I) has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum education and experience
requirements set forth in regulations prescribed by the Secretary,
"(II) regularly performs appraisals for which the individual receives compensation, and
"(III) meets such other requirements as may be prescribed by the Secretary in regulations or other guidance.
"(iii) SPECIFIC APPRAISALS. -- An individual shall not be treated as a qualified appraiser with respect to any specific appraisal unless --
"(I) the individual demonstrates verifiable education and experience in valuing the type of property subject to the appraisal, and
"(II) the individual has not been prohibited from practicing before the Internal Revenue Service by the Secretary under section 330(c) of title 31, United States
Code, at any time during the 3-year period ending on the date of the appraisal.".
(2) REASONABLE CAUSE EXCEPTION. -- Subparagraphs (B) and (C) of section 6664(c)(3) are amended to read as follows:
"(B) QUALIFIED APPRAISAL. -- The term 'qualified appraisal' has the meaning given such term by section 170(f)(11)(E)(i).
"(C) QUALIFIED APPRAISER. -- The term 'qualified appraiser' has the meaning given such term by section 170(f)(11)(E)(ii).".
(d) DISCIPLINARY ACTIONS AGAINST APPRAISERS. -- Section 330(c) of title 31, United States Code, is amended by striking "with respect to whom a penalty has been
assessed under section 6701(a) of the Internal Revenue Code of 1986".
(e) EFFECTIVE DATES. --
(1) MISSTATEMENT PENALTIES. -- Except as provided in paragraph (3), the amendments made by subsection (a) shall apply to returns filed after the date of the
enactment of this Act.
(2) APPRAISER PROVISIONS. -- Except as provided in paragraph (3), the amendments made by subsections (b), (c), and (d) shall apply to appraisals prepared with
respect to returns or submissions filed after the date of the enactment of this Act.
(3) SPECIAL RULE FOR CERTAIN EASEMENTS. -- In the case of a contribution of a qualified real property interest which is a restriction with respect to the exterior of
a building described in section 170(h)(4)(C)(ii) of the Internal Revenue Code of 1986, and an appraisal with respect to the contribution, the amendments made by
subsections (a) and (b) shall apply to returns filed after December 16, 2004.
Los Angeles City, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005, 90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017,
90018, 90019, 90020, 90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035, 90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044,
90045, 90046, 90047, 90048, 90049, 90050, 90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065, 90066, 90067, 90068, 90069, 90070, 90071,
90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080, 90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099, 90101, 90102, 90103,
90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway (City of LA) 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers (City of LA) 90071
Arleta (City of LA) 91331
Artesia 90680
Athens 90044
Atwater Village (City of LA) 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates (City of LA) 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen (City of LA) 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights (City of LA) 90033
Bradbury 91010
Brentwood (City of LA) 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge (City of LA) 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park (City of LA) 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare (City of LA) 90272
Century City (City of LA) 90067
Cerritos 90701
Chatsworth (City of LA) 91311
Cheviot Hills (City of LA) 90064
Chinatown (City of LA) 90012
City Terrace 90063
Civic Center (City of LA) 90012
Claremont 91711
Commerce, City of 90040
Compton 90220 - 90222
Country Club Park (City of LA) 90019
Covina 91722 - 91724
Crenshaw (City of LA) 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park (City of LA) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles (City of LA) 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock (City of LA) 90041
East Los Angeles 90022
East Los Angeles (City of LA) 90023
East Rancho Dominguez 90221
Echo Park (City of LA) 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno (City of LA) 90032
Elizabeth Lake 93532
Encino (City of LA) 91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park (City of LA) 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills (City of LA) 91344
Griffith Park (City of LA) 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City (City of LA) 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park (City of LA) 90042
Hollywood (City of LA) 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park (City of LA) 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park (City of LA) 90018
Juniper Hills 93543
Koreatown (City of LA) 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights (City of LA) 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area (City of LA) 90045
Leimert Park (City of LA) 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
Los Angeles (LAX Area) 90045
Los Angeles (Leimert Park) 90008
Los Angeles (Los Feliz) 90027
Los Angeles (Mar Vista) 90066
Los Angeles (Mid City) 90019
Los Angeles (Mission Hills) 91345
Los Angeles (Montecito Heights) 90031
Los Angeles (Mount Olympus) 90046
Los Angeles (Mt. Washington) 90065
Los Angeles (North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
Los Angeles (Palms) 90034
Panorama City) 91402
Los Angeles (Park La Brea) 90036
Los Angeles (Pico Heights) 90006
Playa del Rey) 90293
Los Angeles (Porter Ranch) 91326
Los Angeles (Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
Los Angeles (Sawtelle) 90025
Los Angeles (Shadow Hills) 91040
Los Angeles (Sherman Oaks) 91403 / 91423
Los Angeles (Silverlake) 90026
Los Angeles (South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
Los Angeles (Studio City) 91604
Los Angeles (Sun Valley) 91352
Los Angeles (Sunland) 91040
Los Angeles (Sylmar) 91342
Los Angeles (Tarzana) 91356
Los Angeles (Terminal Island) 90731
Los Angeles (Toluca Lake) 91602
Los Angeles (Tujunga) 91042
Los Angeles (USC) 90089
Los Angeles (Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
Los Angeles (Venice) 90291
Los Angeles (Watts) 90002/90059
Los Angeles (West Adams) 90016
Los Angeles (West Beverly) 90048
Los Angeles (West Fairfax) 90035
Los Angeles (West Hills) 91307
Los Angeles (West Los Angeles) 90025
Los Angeles (Westchester) 90045
Los Angeles (Westlake) 90057
Los Angeles (Westwood) 90024
Wilmington) 90744
Los Angeles (Wilshire Blvd) 90010
Los Angeles (Winnetka) 91306
Los Angeles (Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City (City of LA) 90019
Mission Hills (City of LA) 91345
Monrovia 91016
Montebello 90640
Montecito Heights (City of LA) 90031
Monterey Hills (City of LA) 90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus (City of LA) 90046
Mount Wilson 91023
Mt. Washington (City of LA) 90065
Newhall (Santa Clarita) 91321
North Hills (City of LA) 91343
North Hollywood (City of LA) 91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge (City of LA) 91324 - 91325
Northridge, Cal State Univ. (City of LA) 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands (City of LA) 90272
Pacific Palisades (City of LA) 90272
Pacoima (City of LA) 91331
Palmdale 93550 - 93552 / 93591
Palms (City of LA) 90034
Palos Verdes Estates 90274
Panorama City (City of LA) 91402
Paramount 90723
Park La Brea (City of LA) 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights (City of LA) 90006
Pico Rivera 90660
Playa del Rey (City of LA) 90293
Playa Vista (City of LA) 90094
Pomona 91766-91768
Porter Ranch (City of LA) 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park (City of LA) 90064
Redondo Beach 90277 - 90278
Reseda (City of LA) 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (City of LA) 90731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle (City of LA) 90025
Shadow Hills (City of LA) 91040
Sherman Oaks (City of LA) 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake (City of LA) 90026
South Central (City of LA) 90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City (City of LA) 91604
Sun Valley (City of LA) 91352
Sunland (City of LA) 91040
Sylmar (City of LA) 91342
Tarzana (City of LA) 91356
Temple City 91780
Terminal Island (City of LA) 90731
Toluca Lake (City of LA) 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga (City of LA) 91042
Universal City 91608
USC (City of LA) 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village (City of LA) 91607
Valyermo 93563
Van Nuys (City of LA) 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice (City of LA) 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts (City of LA) 90002 /90059
West Adams (City of LA) 90016
West Beverly (City of LA) 90048
West Covina 91790-91793
West Fairfax (City of LA) 90035
West Hills (City of LA) 91307
West Hollywood 90069
West Los Angeles (City of LA) 90025
Westchester (City of LA) 90045
Westlake (City of LA) 90057
Westlake Village 91361 - 91362
Westwood (City of LA) 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington (City of LA) 90744
Wilshire Blvd (City of LA) 90010
Windsor Hills 90043
Winnetka (City of LA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills (City of LA) 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San
Bernardino Counties,
Curtis - Rosenthal, Inc.
IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA., Commercial Appraiser Los Angeles (LA) and Southern California (CA)Commercial Appraisal
IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA., Commercial Appraiser Los Angeles (LA) and Real Estate Consultant, Los Angeles, California CA, Commercial Appraisal
IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA., Condemnation Appraiser, Inverse Condemnation Appraiser, Eminent Domain Appraiser appraisal, Commercial Appraiser, Residential Appraiser, Los Angeles, California, Commercial Appraisal
IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA.Commercial Appraiser Los Angeles, California
IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA., Appraisal Institute, Residential Appraiser, Curtis-Rosenthal Inc., Commercial Appraiser and Real Estate Consultant, Los Angeles, California IRS Appriaser, Trust Appraiser, Probate Appraiser, date of death appraiser, Real Estate Appraiser, Appraiser Los Angeles LA,Southern California CA., Commercial Appraisal Los Angeles, Commercial appraisal la, comercial appraiser, Expert Witness, Real Estate consultant, LA, L.A., Condemnation Appraiser, Inverse Condemnation Appraiser, Southern Californiacommercial appraiser,appraiser los angeles, real estate appraiser,commercial expert witness real estate, real property,commercial appraiser, commercial real estate, Los Angeles, Estate , Probate, Trust, Tax, MAI Appraiser, LA, L.A., real estate land los angeles, commercial real estate inspectors, real estate brokers, los angeles, real estate appraiser, Los Angeles, llp, mark to marker, Land Appraiser, Special Purpose Property Appraiser, Office Property, Commercial appraisal, Restaurant, Apartment, VANDEMA, Southern California Commercial Real Estate, Residential Appraiser, Apartment Appraiser,California Appraiser,PMI Removal, Certified General, Tax , Multi Family , Bank appraisal institute, Apraiser, Comercial Apraiser| We Make a Simple Pledge to Communicate, in a timely Fashion, each appraisal, analysis, and opinion without bias or partiality Abstain from behavior that is deleterious to our clients, the appraisal profession, and the public Hold paramount the confidential nature of the appraiser/consultant - client relationship and Comply with the requirements of the Uniform Standards of Professional Appraisal Practice and the Code of Professional Ethics of the National Society of Real Estate Appraisers |
IRS Appraiser, TRUST Appraiser, Probate Appraiser / Consultant
| Copyright 2005, 2006 All Rights Reserved No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Web Master: Cochise@justice.com |
Los Angeles County, Residential Appraiser,
Real Estate Appraiser, and Commercial
Appraisal / Appraiser Coverage Areas:
93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway (City of LA) 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers (City of LA) 90071
Arleta (City of LA) 91331
Artesia 90680
Athens 90044
Atwater Village (City of LA) 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates (City of LA) 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen (City of LA) 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights (City of LA) 90033
Bradbury 91010
Brentwood (City of LA) 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge (City of LA) 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park (City of LA) 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare (City of LA) 90272
Century City (City of LA) 90067
Cerritos 90701
Chatsworth (City of LA) 91311
Cheviot Hills (City of LA) 90064
Chinatown (City of LA) 90012
City Terrace 90063
Civic Center (City of LA) 90012
Claremont 91711
Commerce, City of 90040
Compton 90220 - 90222
Country Club Park (City of LA) 90019
Covina 91722 - 91724
Crenshaw (City of LA) 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park (City of LA) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles (City of LA) 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock (City of LA) 90041
East Los Angeles 90022
East Los Angeles (City of LA) 90023
East Rancho Dominguez 90221
Echo Park (City of LA) 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno (City of LA) 90032
Elizabeth Lake 93532
Encino (City of LA) 91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park (City of LA) 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills (City of LA) 91344
Griffith Park (City of LA) 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City (City of LA) 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park (City of LA) 90042
Hollywood (City of LA) 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park (City of LA) 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park (City of LA) 90018
Juniper Hills 93543
Koreatown (City of LA) 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights (City of LA) 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area (City of LA) 90045
Leimert Park (City of LA) 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815,
90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 -
90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 /
90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
Los Angeles (LAX Area) 90045
Los Angeles (Leimert Park) 90008
Los Angeles (Los Feliz) 90027
Los Angeles (Mar Vista) 90066
Los Angeles (Mid City) 90019
Los Angeles (Mission Hills) 91345
Los Angeles (Montecito Heights) 90031
Los Angeles (Mount Olympus) 90046
Los Angeles (Mt. Washington) 90065
Los Angeles (North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 -
91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
Los Angeles (Palms) 90034
Panorama City) 91402
Los Angeles (Park La Brea) 90036
Los Angeles (Pico Heights) 90006
Playa del Rey) 90293
Los Angeles (Porter Ranch) 91326
Los Angeles (Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
Los Angeles (Sawtelle) 90025
Los Angeles (Shadow Hills) 91040
Los Angeles (Sherman Oaks) 91403 / 91423
Los Angeles (Silverlake) 90026
Los Angeles (South Central) 90001 / 90003
/90007 / 90011 / 90037 / 90047 / 90061 -
90062
Los Angeles (Studio City) 91604
Los Angeles (Sun Valley) 91352
Los Angeles (Sunland) 91040
Los Angeles (Sylmar) 91342
Los Angeles (Tarzana) 91356
Los Angeles (Terminal Island) 90731
Los Angeles (Toluca Lake) 91602
Los Angeles (Tujunga) 91042
Los Angeles (USC) 90089
Los Angeles (Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 /
91411 / 91423
Los Angeles (Venice) 90291
Los Angeles (Watts) 90002/90059
Los Angeles (West Adams) 90016
Los Angeles (West Beverly) 90048
Los Angeles (West Fairfax) 90035
Los Angeles (West Hills) 91307
Los Angeles (West Los Angeles) 90025
Los Angeles (Westchester) 90045
Los Angeles (Westlake) 90057
Los Angeles (Westwood) 90024
Wilmington) 90744
Los Angeles (Wilshire Blvd) 90010
Los Angeles (Winnetka) 91306
Los Angeles (Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City (City of LA) 90019
Mission Hills (City of LA) 91345
Monrovia 91016
Montebello 90640
Montecito Heights (City of LA) 90031
Monterey Hills (City of LA) 90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus (City of LA) 90046
Mount Wilson 91023
Mt. Washington (City of LA) 90065
Newhall (Santa Clarita) 91321
North Hills (City of LA) 91343
North Hollywood (City of LA) 91601 - 91602 /
91604 - 91607
North Long Beach (Long Beach) 90805
Northridge (City of LA) 91324 - 91325
Northridge, Cal State Univ. (City of LA) 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands (City of LA) 90272
Pacific Palisades (City of LA) 90272
Pacoima (City of LA) 91331
Palmdale 93550 - 93552 / 93591
Palms (City of LA) 90034
Palos Verdes Estates 90274
Panorama City (City of LA) 91402
Paramount 90723
Park La Brea (City of LA) 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights (City of LA) 90006
Pico Rivera 90660
Playa del Rey (City of LA) 90293
Playa Vista (City of LA) 90094
Pomona 91766-91768
Porter Ranch (City of LA) 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park (City of LA) 90064
Redondo Beach 90277 - 90278
Reseda (City of LA) 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (City of LA) 90731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle (City of LA) 90025
Shadow Hills (City of LA) 91040
Sherman Oaks (City of LA) 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake (City of LA) 90026
South Central (City of LA) 90001 / 90003 /
90007 / 90011 / 90037 / 90047 / 90061 -
90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City (City of LA) 91604
Sun Valley (City of LA) 91352
Sunland (City of LA) 91040
Sylmar (City of LA) 91342
Tarzana (City of LA) 91356
Temple City 91780
Terminal Island (City of LA) 90731
Toluca Lake (City of LA) 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga (City of LA) 91042
Universal City 91608
USC (City of LA) 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village (City of LA) 91607
Valyermo 93563
Van Nuys (City of LA) 91401 - 91403 / 91405
- 91406 / 91411 / 91423
Venice (City of LA) 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts (City of LA) 90002 /90059
West Adams (City of LA) 90016
West Beverly (City of LA) 90048
West Covina 91790-91793
West Fairfax (City of LA) 90035
West Hills (City of LA) 91307
West Hollywood 90069
West Los Angeles (City of LA) 90025
Westchester (City of LA) 90045
Westlake (City of LA) 90057
Westlake Village 91361 - 91362
Westwood (City of LA) 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington (City of LA) 90744
Wilshire Blvd (City of LA) 90010
Windsor Hills 90043
Winnetka (City of LA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills (City of LA) 91364 / 91367
World Trade Center (Long Beach) 90831 -
90832
Please call for Orange County,
Ventura County, Riverside County,
San Bernardino, County Coverage
Areas, Real Estate Appraiser
Orange Riverside Ventura San
Bernardino Counties,
