Ian Bryzek, CPA
What appraisal documentation belongs with Form 706 workpapers?
An appraisal used for estate tax should be stored as a complete report with engagement terms, effective date, and exhibits—not a one-page summary.
Residential property, personal property, and business interests may each need different valuation professionals.
Ian relies on the appraisal as documentary support; he does not determine residential fair market value.
What to keep with the file
Ian relies on the appraisal as documentary support; he does not determine residential fair market value.
What to do next
File the complete appraisal PDF with the schedule it supports before drafts circulate.
What to gather
- Full appraisal reports with effective dates
- Appraiser engagement letters
- Property photos and exhibits
- Any supplemental or revised reports
- Cross-reference to the Form 706 schedule line
Who usually handles what
- Ian can organize the tax reporting question and the supporting records.
- James Valdez can provide an independent residential fair-market-value appraisal when a supported property value is part of the documentation.
- The executor, trustee, or account custodian supplies records and confirms who has authority to act.
A practical next step
File the complete appraisal PDF with the schedule it supports before drafts circulate.
When a property value is part of the picture
When residential real estate needs a supported fair market value as of a relevant date, an independent appraiser may be part of the documentation process. Ian does not determine fair market value.
Related guides
This is general tax information, not tax or legal advice. Outcomes depend on the documents, ownership, timing, and law that apply to the particular facts.