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Capital Update
July 24, 2014
Coming Education
September 8-11 - Basic Appraisal Principles Click here for details.
September 15-18 - Basic Appraisal Procedures Click here for details.
October 6-10 - Review Theory - General – Rockville, MD Click here for details.
October 21 - IRS Valuation Summit – Washington, DC Click here for details.
November 6 - Chapter Meeting/Real Estate Update – McLean, VA Details to come.

November 18-21 - General Appraiser Market Analysis and Highest & Best Use - Rockville, MD Click here for details.
December 11 - 7-Hour National USPAP Update Course – Rockville, MD Click here for details.
December 12 - Business Practices & Ethics – Rockville, MD Click here for details.
Job Openings

Supervisory Appraiser - $77,135 - $117,454

Appraiser (Senior) - $80,220 - $103,368

In this issue...
IRS Valuation Summit - October 21
  • Are you a “Qualified” Appraiser? 
  • Do you perform appraisal work for non-cash charitable contribution or work to be reviewed by the IRS? 
  • Do you know how to avoid penalties when appraising before the IRS? 
In Tax Court, appraisals are often rejected. How does that happen, and how can you avoid having your work rejected by the IRS and the courts? Get the answers at the 2014 IRS Valuation Summit in Washington DC on October 21, 2014 at the Grand Hyatt and Qualify yourself!  Panelists include several US Tax Court Judges, IRS Appeals Officers, IRS Appraisers, Attorneys, CPAs, MAIs and other experts involved in Fair Market Values.
As an attendee you’ll learn about and benefit from:
  • Cutting edge tax and valuation expertise and training
  • Exposure to current tax issues relevant to the appraisal profession
  • Expanding your appraisal business into new areas
  • Getting up to date on dealing with the IRS in the current regulatory environment
  • Understanding what the IRS is looking for in valuations in support of tax matters
  • Learning about recent Tax Court rulings and their impact on valuation
  • Understanding penalties that can be levied by the IRS and how to avoid them
Of course, you can pick up 7 hours of high quality CE and may also find yourself sitting beside your next new referral source! Click here for program details and registration.
Brought to you by the Southern California and
Washington DC Metro Area Chapters of the Appraisal Institute

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45 Day Notice Relating to Ethics and Standards
At its August 7-8, 2014 meeting in Austin, Texas, the Appraisal Institute Board of Directors will decide whether to adopt proposed amendments to the Canons and Ethical Rules of the Code of Professional Ethics (CPE), a proposed Preamble to the Standards of Professional Appraisal Practice and proposed Standards of Valuation Practice (SVP).  If adopted, these documents would become effective on January 1, 2015. The proposed amendments to the CPE, proposed Preamble and proposed SVP are not expected to have any financial impact.

Click here to view the 45-Day Notice

If you have any comments on the proposals, please contact your elected Directors and/or send your comments via email to  Comments sent to this email address will be compiled for distribution to the Board of Directors prior to the Board meeting.

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Online Education: Learn at your own pace anytime, anywhere. Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It’s easy, convenient and a great way to get the education you want. Check out the current course listing now!

Our mailing address is:
Washington DC Metro Area Chapter of the Appraisal Institute
c/o Mariner Management
11804 Bare Sky Lane
Columbia, MD 21044

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