The qualified appraisal (QA) rules were first imposed on U.S. taxpayers in 1985, aimed at eliminating certain valuation abuses and tax shelter schemes involving charitable gifts. Ultimately, they’ve proved inconvenient for even the most honest and charitably motivated donors.   Black Letter Law The black letter law on the QA rules is found in Internal Revenue Code Section 170(f)(13) and the corresponding regulations. The important glosses on the black letter law regarding ...

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