IRS rejection Non-Cash Appraisal

[Sabre]

I have a client who has donated a lot worth $650,000 to a charitable organization. The lot cost $140,000 back in 2005 and the realtor who is apprasing the property is using the county tax record for his valuation. I am concerned if the IRS kicks this out due to the realtor not being a certified appraiser that they won't let him pay the $2,500 for a real appraiser and resubmit and claim the deduction.

Any one had any experience in this area?

[David1980]

http://double-taxation.com/2012/05/29/tax-court-denies-legitimate-19m-charitable-contribution-deduction-for-failure-to-comply-with-appraisal-requirements/

The qualified appraiser doesn't necessarily have to be a "certified" appraiser. If it ends up this isn't a qualified appraiser I would agree though, the IRS isn't going to let him get an appraisal done by a "real appraiser" after the fact.

[JohnH]

For a deduction of that size, I'd want it wrapped up in gold foil with an expensive ribbon. Why would he take a chance on a cheap appraisal in this situation? Nothing but a certified appraisal would be good enough.