Oregon IRS Form 706 Appraisers

Can AppraiseItNow handle IRS Form 706 appraisals in Oregon?

Yes, AppraiseItNow provides IRS Form 706 estate tax appraisals for clients throughout Oregon. Our appraisers are experienced with federal estate tax requirements and can support executors, attorneys, and estate administrators across the state.

What types of assets can be appraised for an estate tax return in Oregon?

We appraise a wide range of assets commonly included in Oregon estates, including vehicles, machinery and equipment, business interests, inventory, artwork, jewelry, collectibles, and other personal property. Each appraisal is prepared to meet the qualified appraisal standards required by the IRS.

Are your IRS Form 706 appraisals USPAP compliant?

Yes, all of our appraisals are prepared in accordance with the Uniform Standards of Professional Appraisal Practice, which is a core requirement for qualified appraisals submitted with IRS Form 706. USPAP compliance helps ensure your appraisal will hold up to IRS scrutiny.

Why would someone in Oregon need an IRS Form 706 appraisal?

IRS Form 706 is required when a decedent's gross estate exceeds the federal estate tax exemption threshold, and a qualified appraisal must support the reported values of non-cash assets. Oregon estates that include business interests, farm equipment, collectibles, or other personal property often require professional appraisals to substantiate those values for the IRS.

Can I get an estate tax appraisal done remotely if I'm in Oregon?

Absolutely. AppraiseItNow offers remote and online appraisal services, so Oregon clients can work with us from anywhere in the state without needing an in-person visit. For many asset types, our appraisers can complete the work using photographs, documentation, and digital records you provide.

How is pricing determined for an IRS Form 706 appraisal?

Fees depend on the asset type and scope of the appraisal. Visit our pricing page for ranges or contact us directly to discuss your estate's specific needs.

How long does it take to complete an estate tax appraisal?

Turnaround times vary by asset type:

• Vehicles: 3 to 5 days
• Personal property and equipment: 7 to 10 days
• Artwork: 5 to 7 days for simple projects, 2 to 3 weeks for complex assignments
• Business valuations: 2 to 4 weeks
• Inventory: 2 to 4 weeks

Who actually prepares the appraisal report?

Your report is prepared by a qualified appraiser with relevant expertise in the asset category being valued. AppraiseItNow works with credentialed professionals who meet the IRS definition of a qualified appraiser, ensuring your report satisfies the requirements for IRS Form 706 submissions.

Are there Oregon-specific rules that affect how estate tax appraisals are done?

Oregon has its own estate tax under ORS Chapter 118, and estates that owe Oregon estate tax may need to file Oregon Form OR-706 in addition to the federal return. Appraisals used for the federal filing can generally support the Oregon filing as well, but it is important to work with an appraiser familiar with both sets of requirements.

What information do I need to provide to get started?

To begin, it helps to have a list of the assets in the estate, any existing documentation such as purchase records, prior appraisals, or titles, and the date of death, which establishes the valuation date for IRS Form 706 purposes. The more detail you can share upfront, the faster we can scope the engagement and get started.

Will the IRS accept an appraisal prepared by AppraiseItNow for an Oregon estate?

Yes. Our appraisals are prepared to meet the IRS's qualified appraisal requirements, including USPAP compliance, proper appraiser credentials, and the documentation standards outlined in the Treasury Regulations. Oregon executors and estate attorneys regularly rely on our reports for federal estate tax filings.

Does Oregon's estate tax apply separately from the federal estate tax?

Yes, Oregon imposes its own estate tax with a lower exemption threshold than the federal exemption, which means some Oregon estates owe state tax even when no federal estate tax is due. This makes it especially important for Oregon executors to obtain properly documented appraisals that satisfy both state and federal requirements.

What is the valuation date used for an IRS Form 706 appraisal?

The standard valuation date for IRS Form 706 is the date of the decedent's death, though executors may elect an alternate valuation date under certain conditions. Your appraiser will confirm the appropriate date before beginning the appraisal to ensure the report reflects the correct point in time.

Can farm equipment or agricultural assets in Oregon be included in an estate appraisal?

Yes, farm equipment, livestock, and other agricultural assets are commonly appraised as part of Oregon estates, particularly given the state's significant farming and ranching activity. We can appraise these assets at their fair market value as of the date of death to support your IRS Form 706 filing.

What happens if the estate is audited after the return is filed?

If the IRS audits an estate return, a well-documented qualified appraisal is one of the strongest forms of support for the values reported. AppraiseItNow prepares reports with thorough documentation and clear methodology so that Oregon executors and their advisors are well-positioned in the event of an audit.

Do business interests in Oregon require a separate appraisal for estate tax purposes?

Yes, closely held business interests such as ownership stakes in Oregon LLCs, partnerships, or corporations must be independently valued for IRS Form 706. A qualified business valuation prepared by a credentialed appraiser is required to substantiate the reported value and meet IRS standards.