The Tax Penalty Imposed on Appraisers

question 96

Multiple Choice

The tax penalty imposed on appraisers:

• A) Can be as much as 200% of the appraisal fee that was charged.
• B) Is waived if the taxpayer also was charged with his or her own valuation penalty.
• C) Equals 25% of the appraised value of the property with a $10,000 minimum penalty.
• D) Applies only if the appraiser knew that the appraisal would be used in preparing a Federal income tax return.