National Equipment Appraisal’s professionals and their work product conform to IRS Sec 170(f) (11E) definitions of “qualified appraisal and qualified appraiser” As defined in the Pension Protection Act of 2006. This means National Equipment Appraisal’s work product is accepted by banking regulators, the courts and the Internal Revenue Service.

The Regulations cite:

The term “qualified appraisal” means, with respect to any property, an appraisal of such property which:

Is treated for purposes of this paragraph as a qualified appraisal under regulations or other guidance prescribed by the Secretary, and

Is conducted by a qualified appraiser in accordance with generally accepted appraisal standards and any regulations or other guidance prescribed under sub clause (I).

The term “qualified appraiser” means an individual who:

has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum education and experience requirements set forth in regulations prescribed by the Secretary,

regularly performs appraisals for which the individual receives compensation, and

Meets such other requirements as may be prescribed by the Secretary in regulations or other guidance.

Specific appraisals; an individual shall not be treated as a qualified appraiser with respect to any specific appraisal unless:

the individual demonstrates verifiable education and experience in valuing the type of property subject to the appraisal, and

the individual has not been prohibited from practicing before the Internal Revenue Service by the Secretary under section 330 (c) of title 31, United States Code, at any time during the 3-year period ending on the date of the appraisal.