Estate Planning and PhilanthropyConrad Teitell, New York Law Journal
Charitable Gifts of Artworks—Report of IRS Panel
In his Estate Planning and Philanthropy column, Conrad Teitell writes that charitable gifts of artworks almost always present valuation issues. An appraisal by a respected, unbiased qualified expert is key to substantiating a charitable deduction for a donated work of art. IRS has its own experts—the Art Advisory Panel.