IRS Valuation Update

Date: September 16, 2021

Location: Virtual Classroom, CA


Sponsor:
Northern California Chapter
Contact:
Ms. Estes
Phone:
925-932-7753
Email:
lisa@norcal-ai.org
Website:
http://www.norcal-ai.org/
Name:
It's a Virtual Offering
Address:
It's Virtual - Learn Where it is Comfortable and Convenient for You!
Virtual Classroom, CA
Contact:
Lisa Estes
Phone:
925-932-7753
Speakers:
Molinari, Frank / Nicholaides, Alex
Notes:
READ through all the information listed below before selecting the "Register Now" button for details on timing, required equipment, virtual and out-of-state CE approvals, etc.

Notes

Click link below to view additional offerings sponsored by the Northern California Chapter
Calendar of Events


It is the student's responsibility to have the required equipment: Dependable Internet access, computer with webcam, microphone and speakers. The instructor / monitor must be able to see / view students throughout the offering and the students must be able to view the instructor and / or the instructor's presentation.   Many laptops have the webcam and microphones built in.

IMPORTANT: If you are seeking credit for this offering from a state outside of California, check directly with your state licensing board(s) - before registering - to make sure that they will (1) accept virtual classroom credit, (2) accept programs from an out-of-state provider and / or (3) offer reciprocal CEC with the California BREA.  Virtual classroom education is still a new and evolving mode of instruction; use caution when relying solely on approvals posted to websites as they may be out-of-date.  Note: Some states have reporting requirements or pre-approval processes that the chapter cannot comply with.

About the Workshop

IRS VALUATION UPDATE
The Not-So-Common Appraisals the IRS Reviews

Valuation assignments for the Internal Revenue Service can be challenging, especially with assignments relating to estate & gift, casualty loss and conservation easements.

This IRS Valuation Update workshop addresses the federal income tax code and regulations pertaining to the valuation and donation of conservation and historic preservation easements, estate and gift tax common problems with an overview of recent tax court opinions relating to valuation. Appraisers, CPAs, Land Trusts, and Attorneys should all be familiar with these requirements and the recent tax court decisions. Additionally, the virtual workshop will cover a review of the most recent common issues/problems with appraisals submitted to the IRS.

  • IRS Valuation: Who We Are and What We Do
  • Overview of Tax Regulations
  • The Qualified Appraiser and the Qualified Appraisal
  • Estate & Gift Valuation Issues
  • Report on Conservation Easements
  • Significant Tax Court Rulings
  • The IRS Review: The Appraiser's Role and Issues
  • Expert Witness: Role in Exam and Counsel

Presenters include
Frank R. Molinari, SRA, CVA, IRS Senior Manager, Engineering
Alex Nicholaides, IRS Senior Counsel, Office of Chief Counsel

Cancellation Policy

Cancellations

Written cancellations received by Thursday, September 2, are subject to a $10 cancellation fee.  Cancellations received after that time but prior to noon on Thursday, September 9, are subject to a $20 cancellation fee.  No refunds for cancellations received after September 9 or for program "no shows".  Cancellations can be emailed to lisa@norcal-ai.org.

We reserve the right to substitute instructors, or to cancel or modify this program if sufficient registrations are not received by September 2 or due to other circumstances beyond our control. In the event of cancellation, tuition fees will be refunded. All other costs incurred are the registrant’s responsibility.

Additional Information

Program Materials and Hours
Online check-in will begin at 2:45pm. on Thursday, September 16.  Instruction will run from 3:00pm – 5:00pm (Pacific Time). The early check-in time provides an opportunity to check your equipment and network with other attendees. There is no exam associated with this CE offering. Materials (if applicable) will be available for download via a special link sent from the Northern California Chapter Office - lisa@norcal-ai.ccsend.com; these materials are not available in your Appraisal Institute "My Account" portal. 

Our September virtual Chapter Meeting and Networking Social will begin immediately following the conclusion of the workshop at 5:00pm (Pacific Time). All are invited to join us to continue discussing issues of the day and networking with others. 


By registering for this offering, you (1) agree that your attendance may be monitored and/or recorded, (2) will forward your DL/ photo ID to the Northern California Chapter Office in advance via email, (3) accept education related emails from the Northern California Chapter and (4) check with out-of-state licensing boards (if applicable).

Photo ID Required
After registering please send  a copy of your Driver's License or Photo ID to lisa@norcal-ai.org.  Quick Tip:  Feel free to cover any personal information with the exceptions of your photo and printed name with cut to size post-it-notes before taking a photo with your phone or scanning.  Without receiving this information, registrants will not be sent the ZOOM log-in link.  In the subject line type "DL -  [enter your last name] - IRS Sept 2021"  before submitting. ID's should be emailed immediately following submission of your online registration.

Required Texts / Materials 
There are not expected to be any downloadable or additional texts or materials for this offering.


Required Equipment 
This class will be held via Interactive Technology (ZOOM).  It is the student's responsibility to have the required equipment:

  • Dependable Internet access
  • Computer with webcam, speakers and microphone (many laptops have these features built-in)

Some registrants may find a secondary device (ipad, phone, laptop or desktop computer) helpful during instruction for reviewing the program materials (if applicable). Only one registrant may be visible per webcam; each registrant needs his/her own webcam.

New to ZOOM?
If you are new to ZOOM or need a little refresher?

The ZOOM link will be sent within 24-48 hours of the offering only to confirmed registrants who have provided their photo ID/DL in advance.  


Education Credit Hours and Attendance Verifications

Those who check into the interactive platform late, leave early or leave during non-scheduled breaks may jeopardize receipt of credit.  Webcams must remain on throughout the offering.

Appraisal Institute: Full attendance (100%) enables Designated Members and Practicing Affiliates to receive 10 AI CEC points.   

BREA ContinuingIRS Valuation Update is being submitted for 2-hours of California  BREA CEC. Licensed/certified appraisers seeking BREA CEC must meet the 100% attendance requirement. [Note:  This particular offering is based on the "live" version that falls under the temporary exemption for virtual / online education due to COVID / SIP restrictions.]

BREA Basic/QualifyingIRS Valuation Update is not approved for BREA qualifying education (QE) credit.

State Board of Equilization: IRS Valuation Update is being submitted for 2-hours of SBE training credit for property tax assessors.  

If you are seeking credit for this offering from a state outside of California, check with your state licensing board(s) directly to make sure an out-of-state virtual offering will be accepted before registering.  We are not submitting this offering for pre-approval from states outside of California.

NEW! Attendance Verification Process Effective 10/01/19
Registrants should be sure their appraiser license/certification numbers are entered in the registration system or a certificate will not be generated.  License numbers are listed under Profile in your Student Portal or can be added as “Other” License.  

Verified attendance certificates will be available within 15 working days by

  • Logging into My Account www.appraisalinstitute.org; click on the red My Account tab
  • Select EDUCATION
  • Click on the specific offering that you are seeking the certificate for; it will show REGISTERED
  • Scroll to the very bottom of the screen to RETRIEVE CERTIFICATE

Note:  Effective 10/01/19 students will be able to access their attendance certificates 24/7 through the Appraisal Institute's netFORUM association management program.  The Northern California Chapter does not have direct access to certificates for programs held after this time. Any issues in retrieving certificates should be brought directly to the attention of the Appraisal Institute's Education Delivery Department at 312/335-4207 or education@appraisalinstitute.org

Important Information about SBE Certificates:  Our netFORUM registration system is not currently able to generate SBE certificates for Assessors.  Therefore, SBE certificates will be manually generated and emailed directly from the Northern California Chapter.


Confirmation Emails

All confirmed registrants will receive a payment receipt plus a separate confirmation by email.  Be sure that you can accept emails from each of the following email addresses: 

In addition, ZOOM and other important details regarding logging into the program will be sent separately from one of these emails above.

Note:  If you do not receive emails on a regular basis from the Northern California Chapter (lisa@norcal-ai.ccsend.com), be sure to visit our homepage, scroll to the lower right corner, and sign-up to receive our emails.  Registrants will not want important details like ZOOM links and/or material downloads defaulting to spam / junk or be classified as undeliverble.  Those who work for financial institutions or government agencies my need to enlist the assistance of their IT Deparment to insure email delivery.

Disclaimer Information

By registering for this event, you agree that

  • your attendance may be recorded, photographed, and/or monitored at any time
  • you will provide the Chapter Office with a copy of your DL/Photo ID in advance
  • will accept emails from the chapter; add this address to your accepted list of emails - lisa@norcal-ai.ccsend.com
  • your contact information may be published in a networking roster
  • we may switch or change the virtual learning (zoom, Go2, etc.) platform selected for this offering based on program logistics or necessity
  • if you have a disability and may require special accommodation, please notify us in writing at least two weeks in advance to arrange for reasonable accommodation


Lost or Damaged Items:  
The Appraisal Institute is not liable for lost or damaged items. This includes but is not limited to calculators, laptops, cell phones, etc.

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.