Art Appraisal Services
Art Advisory Panel
The Panel assists IRS by reviewing and evaluation property appraisals submitted by taxpayers in support of the fair market value claimed in works of art involved in Federal income, estate and gift tax cases in accordance with the Internal Revenue Code. The Panel members, 25 renowned art experts serve without compensation.
Referral to the Art Advisory Panel
All taxpayer cases selected for audit which contain artwork with a claimed value of $50,000 or more per item must be referred to Art Appraisal Services for review by the Commissioner's Art Advisory Panel (See IRM 4.48.2 and IRM 8.18.1.3). Please review the photographic requirements for referrals, and also our preferred individual appraisal item format (PDF) for works of art valued at over $50,000.
For general inquiries, contact Director, Art Appraisal Services at 202-435-5600.
Internal Revenue Service/Appeals
999 N. Capitol NE.
Suite 739
Washington, DC 20002
ATT: ART
Annual Summary Report
The Annual Summary Report describes the closed meeting activity of the Commissioner's Art Advisory Panel for the most recent year. The report discusses the procedures of the Art Panel, provides a list of Panelists and summarizes the art items reviewed during this year by the Panel broken down by estate and charitable contribution. If you would like older Annual Summary Reports, please contact the IRS Freedom of Information Reading Room at 1111 Constitution Ave, Washington D.C. 20224.
Publications
- Publication 526, Charitable Contributions.
- Publication 561, Determining the Value of Donated Property. Designed to help donors and appraisers determine the value of property that is given to qualified organizations. It includes the kind of information you must have to support your decision.
Forms
- Form 8283, Noncash Charitable Contributions. The necessary form filed with the taxpayer's return.
- Form 8282, Donee Information Return. Form filed by donee upon sale of property.
Revenue Procedures
Revenue Procedure 96-15 provides procedures for taxpayers to request a review of art valuations for income, estate, and gift returns. Taxpayers may obtain from a Statement of Value from the Service for an advance review of art valuation claims prior to filing the return. The Statement of Value may then be used in completing the taxpayers return.
The procedure generally applies to an item of art that has been appraised at $50,000 or more. The appraisal submitted must meet specific substantiation requirements. A user fee is charged for each request.
Requests for Statement of Value
Internal Revenue Service
Attention: Art Appraisal (C:AP:ART)
P.O. Box 27720
McPherson Station
Washington, DC 20038
