Government Services Appraisal and appraisal consulting requirements vary significantly from government agency to government agency. While the variances are often simple, the failure to meet the requirements can lead to a critical non-compliance. The noncompliance may be non-recoverable and often cost thousands of dollars but could cost tens to hundreds of thousands of dollars. Federal Appraisal offers expert appraisal and appraisal consulting services for many of the major government agencies. IRS The Internal Revenue Service (IRS) and the courts that hear its cases prescribe their own appraisal practices and procedures. While the appraisal theory behind IRS appraisals is mostly the same as any other appraisal, failure to comply with IRS specific procedures can result in the disqualification of an appraisal and a loss of essential support for a tax stance. Federal Appraisal, LLC provides IRS appraisals for both taxpayers and the IRS. Federal Appraisal, LLC provides numerous services to assist property owners in managing the various tax and audit issues that impact real and personal property. See our IRS page, as well as our accountants page and our attorneys page. HUD The Federal Housing and Urban Development Agency (HUD) prescribes its own appraisal procedures and its own appraisal formats. While the appraisal theory behind the HUD appraisals is the same as any other appraisal, failure to comply with HUD’s own procedures and formats can result in the disqualification of an appraisal. See our HUD page. Property Tax Assessment and Appeals There are numerous occasions where the value of a property is related to taxes. Each taxing situation requires special appraisal and consulting considerations. The considerations might be a specialized appraisal for cost segregation, depreciation, and income tax. Another might be an explanation and justification for a divergence from the purchase price basis for a transfer or gains tax calculation. Others pertain to tax position, basis, or feasibility, as with impairments, structured leases, barter agreements, gifts, and estates. Each taxing situation requires appraisal and consulting experience in order to maximize taxing goals. Federal Appraisal, LLC specializes in providing appraisals for tax issues. GSA The General Services Administration of the federal government handles the real estate acquisition and leasing for most of the federal agencies. They have special biding, contracting, and reporting requirements. While the requirements are easy enough to meet, the mismanagement of the requirements could add substantial delays to a project. SEC & Investor Relations Federal Appraisal, LLC can provide any of the real estate appraisals and valuation reporting support required by the Securities and Exchange Commission (SEC). Whether its SEC reporting requirements to compliance with the appropriate accounting, tax, and audit reporting procedures, or it’s a special issue reporting requirement, Federal Appraisal, LLC can help. Mark to Market Federal Appraisal, LLC provides “Mark to Market” Appraisal Services as required by the Government Accounting Standards Board (“GASB”) new rule, Statement 52. The rule requires state and local government endowment funds that hold land and other real estate as investments to report the asset or liability at fair value beginning next year. When real estate is marked to market, for accounting purposes it is assigned the value that it would fetch in the open market. Currently, governments report such assets and liabilities at historical cost. See our Mark to Market page. See our Business Appraisal and Valuation and our Property Type pages for more

Attorneys Federal Appraisal LLC was specifically established to serve valuation issues arising in legal contexts and in accountancy.  Federal Appraisal LLC provides expert testimony, dispute resolution, litigation and technical support for complex real estate, and business valuation litigation and dispute issues.  We provide our clients with both geographical and topical dispute resolution support expertise, regardless of where the assets are located, what type of assets are involved, or what kind of issues have arisen. Call for a free services-scoping consultation for your specific dispute. Our services include: Expert testimony Property Tax Appeals Damages estimates; loss and/or damage calculations Bankruptcies and reorganizations Arbitration and mediation Support for partnership disputes Support for landlord/tenant disputes Support for the cross examination of experts Traditional and nontraditional valuation and appraisal services Value, income, and yield analyses Environment Issues Lease Audit & Analysis Financial or operations analysis Fairness Opinions and Comfort Letters Research services, including economic, demographic and GIS Statistical analysis services, including regression analysis, options pricing Market positioning strategies Because real estate and business valuation issues are often complex, dispute resolution requires the coordination of multidisciplinary teams.  We strongly recommend to our clients that they engage valuation experts as early as possible in the dispute resolution process.  We are convinced the great number of lengthy and costly disputes could be avoided or could be resolved more quickly, if the parties to dispute were in possession of proper valuation services earlier in the process.  Unfortunately, all too often, parties to the dispute are under the mistaken impression, that because of the cost, valuation services should not be obtained until later into the process.  There are in fact numerous consulting services available to the parties involved in the dispute that are both appropriate for use early in the dispute and are relatively inexpensive. Click Considerations for Valuation and Litigation  for an article written by Mark Pomykacz, the Managing Partner of Federal Appraisal LLC, on the topic of litigation and real estate appraisal expert. Business Interruption Consulting, Damages Estimates Federal Appraisal LLC provides consulting and appraisal services to individuals and companies suffering from business interruptions and damages from natural and man-made disasters and accidents.  If the loss or diminution of the use of your real estate is causing a loss in business income and/or is reducing the utility or value of your real estate, then Federal Appraisal LLC may be able to help you recoup your damages.  Even tenants in damaged or reduced utility space can benefit from our services. The actual or alleged loss or damage might be from contractual breaches, environmental conditions, weather, physical damages, from external-to-the-site conditions, or from malfeasance or non-feasance.  Federal Appraisal LLC provides appraisals of damages, lost income and stigma for negotiations, and court testimony for or against insurance companies, property owners, plaintiffs and defendants. Management Consulting Issues and Solutions for Attorneys Federal Appraisal provides user-defined scopes of services and agreed upon procedures services relating to attorneys. Securities and Exchange Commission (SEC) Federal Appraisal LLC provides the real estate and business appraisals and valuation reporting support required by the SEC.  See our SEC page for more information. Internal Revenue Service (IRS) Federal Appraisal LLC provides the real estate and business appraisals and valuation reporting support required by the IRS.  See our IRS page for more information. Federal Appraisal LLC is not a law firm or an accounting firm.  As such it does not offer legal or audit opinions.  Federal Appraisal can obtain and/or manage those services for its clients.

International Financial Reporting Standards Federal Appraisal, LLC has appraisal experts to support your company’s transition and yearly International Financial Reporting Standards (“IFRS”) valuation requirements.  FAC has long been a provider of appraisal services to the accounting industry, and to those in need of complex appraisal services. The main benefit of IFRS is harmonization.  Global businesses and international investors need to have accounting information that they can understand when running businesses and making investment decisions. Convergence to IFRS however presents two major valuation reporting challenges: 1. Valuation variances from reporting period to period, which could increase the volatility of reported earnings from period to period. 2. Cost of appraisals and appraisal management. Under IFRS (if elected), companies will need to revalue certain assets on a regular (yearly) basis.  Therefore, market valuations will vary from period to period and sometimes substantially.  This will result in an increase in volatility of the reported earnings, compared to some current reporting methods.  While reporting the actual market value of the assets owned by a company is one of the main goals of IFRS, special efforts are needed to limit or eliminate earnings volatility that could result from unwise or unnecessary appraisal and appraisal management practices.  FAC offers the appraisal and appraisal management best practices needed to control and minimize the possible volatility in reported values and earnings while keeping costs down. Recommendations to IFRS Adapters and Managers 1. Plan a company-wide integration. IFRS impacts more than just the central business financial reporting; it will impact departmental and subsidiary activities.  Also it will impact more than just investor reporting; it will impact merger and acquisitions (M&A), tax reporting, treasury/borrowing functions, and legal and compliance due diligence. 2. Allocate proper resources. Valuation and appraisal is a specialized professional service.  Adequate IFRS appraisal expertise is often not available within a company. 3. Confirm independence as required in IFRS reporting. Like the need for independent audit services, IFRS appraisal services must be independent and objective, and certified as such. 4. Establish best practices policies and procedures. IFRS, as a principles-based system, allows for significant interpretation. Understanding the implications of various interpretations will require the services of professionals with advanced knowledge and experience.  The advanced knowledge and experience should be utilized early in order to avoid later changes which will impact the volatility of reported earnings.

Bankruptcy Federal Appraisal provides full support to accountants, attorneys, and their clients, be they creditors or debtors. We provide appraisals for fair market valuation, fresh start accounting, damages, and lost income computations, and we provide expert testimony and litigation support. We provide real property, personal property, and business appraisals/services for use in bankruptcy contexts.