BTGWJ - Can an Auction House do your appraisal? Or will it cost you $500,000!
The Estate of Kollsman vs. Commissioner case was ruled upon by the 9th Circuit Court recently and they threw out two appraisals that were performed by an expert from Sotheby's. The results of that are that it cost the family more than $500,000 in unpaid taxes, fines, penalties and interest. On Behind the Gavel with Jason today I'll talk about the case, give suggestions on what to ask before you work with an appraiser, and other points. If you have any questions please post them in the comments below.