Form 8283 cost basis calculation from our team of professionals
In addition to our core Appraisal services, our team provides expertise in calculating an estimate of the original IRS Defined Cost Basis, which is a crucial aspect required for IRS Form 8283 Part 1 Section 3, box (f).
Our professionals are equipped to thoroughly examine original purchase documentation, gather acquisition details from clients, and meticulously prepare a comprehensive estimate, item by item. This estimate serves as a valuable resource for your CPA to include with the necessary tax deduction paperwork. It's worth noting that this estimate is meticulously prepared and authenticated by our CEO, a practicing CPA with 23 years of experience, and our COO, who brings a decade of expertise in the construction and deconstruction valuation industry.
Tax Expertise: The estimate undergoes compilation and meticulous review by Jessica I. Marschall, CPA. In addition to serving as President of both The Green Mission Inc. and Probity Appraisal Group, Ms. Marschall brings 23 years of extensive experience as President of MAS LLC, a comprehensive tax consultation practice.
Construction Management Expertise: The estimation process is further overseen by our COO, Mayur Dankhara, whose credentials include a Master of Science degree in Construction Management. Mr. Dankhara brings with him an extensive understanding of original construction costs, as well as a nuanced appreciation for the value of individual building components and materials.
Competitive Edge: Diverging from our competitors, our estimate is crafted with a profound comprehension of the intricate accounting and tax principles. Moreover, it is founded on a comprehensive understanding of original construction management expenses and the distinction between real estate enhancements and land valuations.
Delivery: Our team ensures timely delivery of the report alongside the appraisal, facilitating prompt receipt for the client's CPA to incorporate into their tax preparation workflow.
