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What Nobody Ever Tells Attorneys about Their Clients’ Machinery and Equipment

January 9, 2013

Did you know that your client’s machinery and equipment has a value that can substantiate, strengthen, or even lose the most successful case in court? After all, if you rely on a guess, a depreciation schedule, or an uncertified auctioneer or dealer to determine a value, it’s inaccurate and will not hold up to scrutiny with the IRS, courts, or lenders.

How can you use an accurate value of your clients’ machinery and equipment to your advantage? There are at least 20 ways an accurate, substantiated, irrefutable, and defensible value of machinery and equipment can be of help to you and your clients. Here are just a few of the ways:

  • Loans / Leases
  • Property Taxes
  • Insurable Value
  • Divorce
  • Converting From C to S Corp
  • Cost Segregation
  • Taxes
  • 1031 Exchanges
  • Trust Agreements
  • Buy/Sell Agreements
  • Estate Planning
  • Bankruptcy
  • Retirement Planning
  • Partnership Dissolution
  • Strategic Planning
  • Litigation Support
  • GASB 34
  • Sarbanes-Oxley
  • Collateral
  • Gifting

You don’t want your client’s divorce or partnership dissolution to exclude the value of their machinery and equipment because the opposing counsel has a certified machinery and equipment appraisal to rely upon and you don’t. A certified machinery and equipment appraiser’s professional credentials will withstand a Daubert challenge.

An appraisal report from a certified machinery and equipment appraiser (CMEA) arms you with an irrefutable, defensible, and substantiated value of machinery and equipment that will prevail before the IRS, courts, lenders, attorneys, CPAs, and others. And when working with a CMEA, you know that you are receiving a report consistent with the Uniform Standards of Professional Appraisal Practice (USPAP). In fact, the IRS may disallow a filing because there is not a certified appraisal report that substantiates equipment values.

Contact the NEBB Institute to find out the difference between a “certified” appraisal report and an “uncertified” appraisal report.

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

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