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http://www.omniture.com --> Sections Home Page Local News AP News Blogs Archives Business Classifieds Event Calendar Forums Life Opinion Obituaries Multimedia Photo Gallery Readers Photo Gallery Sports Tempo Weather Road Cams Special Coverage 2006 Britt Festivals --> Shop Our Valley AutoFinder HomeFinder JobFinder Search Our Valley Special Sections Distinctly Northwest Readers' Choice Homelife Magazine Joy Magazine Oregon Golf Info Oregon Wine Info Other Publications Local Links Ashland News eSouthernOregon Newspapers In Education Personals Moving Here Movie Listings TV Listings Volunteer Customer Service Advertise With Us Media Kit Place Classified Ad Contact Us FAQ's Home Delivery Site Map --> Email Story to a Friend March 4, 2007 To claim that charitable donation, get it appraised MarketWatch If you made a large (worth $5,000 or more) noncash charitable donation in 2006, give yourself a pat on the back. And then take out your wallet and pat it — you're eligible for a tax deduction too. But the IRS is going to need a little more than just your word. To claim the donation on your tax return you will have to get the item or items appraised. This year, it's a little bit trickier. A new law adopted by the IRS requires that all tax appraisals must be conducted by "qualified appraisers." If the appraisal value is found to be incorrect, both you and the appraiser will face penalties. The new legislation will affectt all appraisal disciplines, including personal property, jewelry and technical areas. And if you made a donation at the end of the year, don't wait to get the appraisal — it must be completed within 60 days of the donation date. If you didn't get the appraisal in time, don't sweat: You may be able to get an after-the-fact appraisal if you have documentation and the item can be tracked down. The American Society of Appraisers is a good place to start when searching for an appraiser. Visit its Web site at www.appraisers.org to find an accredited appraiser or to get more information on after-the-fact appraisals. Would you like to respond to this story? If so Click Here to visit our forums. Advertisement Copyright © 1997-2007 Mail Tribune, Inc. All rights reserved. Privacy Policy | Terms & Conditions | Website Feedback online casinos news Home Security Systems Online Casino Reviews Trunks, Footlocker Fundraisers UK Homeowner Loans Casinos Canada Cord Blood Banking Discount Hotel Reservations Texas Electric Choice Compare Electric rates in Texas Windermere Van Vleet Men's Clothing Debt Help New Hampshire Primary