Arcadia News — award winning neighborhood news since 1993
January 2022
January 2022, page 38

38 JANUARY 2022 I t might take us a while to add the two instead of the one as we mature into the beginning of another year, with the decisions and opportunities that challenge us daily. We have been writing Ask the Appraiser for four years and giving you news, views and revelations about several topics: movie memorabilia, inheritance thieves, collections, dangers of new furniture, sterling vs. silver plate, etc. We are buried in appraisal assignments, and starting this year, audits will be up, especially for tax reports that may have high-end noted tangible properties listed. There are severe consequences if a qualified appraiser is not hired. We are ISA certified. There are only three certified appraisal companies in Arizona, out of the 113 in the country, and we are over- the-top busy. We travel statewide and nationally, handling every possible issue: divorce, probate, taxable estates, trust purposes, equitable distribution, appraisal reviews for the courts, expert witness, donations, insurance issues and speaking at continuing education presentations. A qualified appraiser is an individual who belongs to one of the three recognized national organizations: ASA (American Society of Appraisers), AAA (Appraisers Association of America), and ISA (International Society of Appraisers). Those who claim to be an appraiser (and belong to other organizations such as those associated with auction houses) – or sites that claim to be certified do not have the required education and other requirements to keep in step with the ever-changing issues necessary for a qualified report. For example, we just completed a review of a “guild” report for a divorce that was poorly written, with no documentation, that cost the client more money and was thrown out of court. The “report” was a sham that created unnecessary significant problems and expenses. The IRS has hired a team of top-tier appraisal experts as auditors to review taxes, especially high-end with complex tax reports in appraisals documenting art, jewelry, cars, furniture, collections, household contents, donation and gifting. As 2022 matures, the need will increase for local auditors in the field around the country to review and audit tax reports to either point out problems to be settled or forward the audit to the top- tier auditors in Washington for further clarification. All said and done, we are taking a break from the Ask the Appraisers column for the time being to help with our busy schedules. Thank you for your continued support, and we will see you back in the summer! Hire a qualified appraiser Ask the Appraisers Contact Tom Helms at The123@cox.net or A-Z Appraisal & Estate Consultants; 5525 N. 12th St., Phoenix, AZ. BY TOM HELMS & JEFF PEARSON Arcadia’s Boy Scout Troop 6 presented three Arcadia High students with the highest rank of Eagle at a recent awards ceremony. Nick Horonenko, Brad Gooch and Lucas Binsfeld are the 219th, 220th and 221st Eagles to advance from Troop 6 since it was founded in 1934. “Troop 6 is so proud of our newest Eagle Scouts as they have risen to the highest level of Scouting by hard work, dedication and service to their communities,” Scoutmaster Steve Radonich said. “The projects they selected were all diverse and special, from building guitar racks for appreciative schools, to creating new camping sites in our state, and building tree holders for our local parks. It has been an honor and privilege to assist these fine young men in the storied history of Boy Scout Troop 6.” arcadiatroop6.org Brad Gooch Lucas Binsfeld Nick Horonenko Troop 6 has three new Eagles Get Screened for Risks of Stroke and Cardiovascular Disease Are you at risk? Call 833-335-0203 5 Screening Package for $149