Equipment Loans
Lenders who use the value of the equipment as collateral need to make sure that the underlying assets will satisfy the collateral requirements. Whether it is for a conventional commercial loan or an SBA backed loan, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, independent, and have held up to scrutiny by bank examiners. Our Equipment Appraisals comply with the SBA standards for a Certified Equipment Appraisal.
Litigation Support
Whether for a divorce, a partnership dispute, or any other matter, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, independent, and have held up under scrutiny by the courts. Our appraisal reports can save time and money by reducing disputes over the value of the equipment.
Divorce
Whether the divorce involves mediation or court, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, independent, and have held up under scrutiny by the courts. Our appraisal reports can save time and money by reducing disputes over the value of the equipment.
Tax Deductible Donations
In order to deduct the value of equipment that is being donated, the IRS requires that certain donations be appraised by a “Qualified Appraiser” and be substantiated by a “Qualified Appraisal” as stated in IRS form 8283. Our reports comply with the IRS standard for a “Qualified Appraisal”.
Insurance
If a value for equipment is needed in order to substantiate an insurance claim, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, independent, and have held up under scrutiny by the courts.
Mergers & Acquisitions and Business Sales
Whenever there is a question about the value of equipment being acquired as part of a business acquisition, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, and independent. Our appraisal reports can save time and money by reducing disputes over the value of the equipment.
Estate/Probate
In order to settle an Estate or when required to present before Probate Court, our Certified Appraisal Reports qualify as a Qualified Appraisal. Our appraisers have served as Equipment Valuation Expert Witnesses in court. Our reports comply with the IRS standard for a “Qualified Appraisal”.
Bankruptcy
When the value of the equipment needs to be established for bankruptcy. Our reports comply with the IRS standard for a “Qualified Appraisal”.
C Corporation to S Corporation Conversion
Here is a brief overview from AICPA: The excess of the FMV of assets over their adjusted basis at the time of the S election is built-in gain. Any of this built-in gain recognized during the 10-year period beginning with the first day of the first tax year for which the corporation was an S corporation remains subject to corporate-level tax. Only the excess of the FMV of those assets over their respective tax basis is subject to this corporate-level tax. Post-election appreciation is subject to only one level of taxation. Therefore, it is essential that an appraisal of all assets be performed at the time of the S election to document the assets on hand and to keep track of their future sale.
Lease Buyouts
If at the end of a lease term the value of the equipment on the lease may be acquired by the lessee and there is a question about the value of equipment being acquired, our Equipment Appraisals offer a means to establish a value for the equipment that is impartial, unbiased, and independent. Our appraisal reports can save time and money by reducing disputes over the value of the equipment.
