Providing Clients with Services in
Natural Resource Consulting
Statistics and Biometrics
Wildlife Management and Research
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Providing Clients with Services in Natural Resource Consulting |
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SERVICES IN BOOK |
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Are you interested in a professional, accurate book appraisal, or simply want to know what is the value your book, or book collection? Pacific Analytics can help. Our qualified experts can provide you with accurate valuations. About Our Experts Our book appraisal experts been actively engaged in book buying and selling since 1985. Initially the business was established in San Luis Obispo, California. Currently it is located in Corvallis, Oregon. Our scientific specimen collection experts have advanced science degrees and have extensive museum experience, processing and evaluating museum donations. Our experts have been performing appraisals for over 10 years. Not one of their appraisals has ever been questioned, either by the IRS or an insurance company. About Our Appraisals In a book appraisal, a value is placed on each book or group of books, depending upon an estimate of their worth. In the case of individual volumes valued at over $100, the appraisal will list each volume with a value for each volume. In the case of books of lesser value, and at the discretion of the client, books may be valued by "lot". It is customary for the book collection to actually be viewed, although if this is impractical, the appraisal may be done from a list, as long as photographic documentation is attached. In the case of large collections with books of significant value, it is best if the collection is actually examined by the appraiser. We can even appraise certain highly specialized collections, including hand written material or original diaries or journals. We also provide appraisals of collections of scientific specimens, such as insect collections, botanical specimens, fossils and other items. These kinds of collection appraisals will include a enumeration of all the specimens, condition, and class of value (i.e., pinned and labeled, professionally identified or determined and other conditions). The value per specimen in each class is listed and a total collection value calculated. Rare or scientifically important specimens (i.e., endangered species, type specimens, and collector desirability) are also considered. The Need for an Appraisal Appraisals often are conducted for insurance purposes. Owners try to protect valuable properties against loss, but tradegies happen. And if a tradegy occurs, owners hope to be compensated for their loss. Insurance, of course, provides the vehicle for that compensation. Both owners and insurers need appraisals. Owners want to know current values to select the appropriate amount of insurance and insurers want evidence of value to confirm that the amount of insurance requested by the insured correlates to the true value of the property. Since insurance is a contract between private parties, the federal government has not intervened by imposing appraisal standards. Owners are free to select an appraiser for their property and, in most cases, the insurer will not object to the insured value. But in cases of loss, the insurance company will care about the appraiser, and the quality of the appraiser sometimes will be called into question should a claim result in a dispute between the parties. Qualified appraisers are a must! Support for donations claimed on a tax return represents the other common need for an appraisal. Most frequently, appraisals are needed to sustantiate either a claim for a tax deduction attributable to a noncash contribution to charity or a value claimed on an estate or gift tax return. Unlike the case of insurance companies, the federal government has a direct interest in the value of property claimed on tax returns and therefore is increasingly active in setting standards for supporting those values. Recent changes in the tax law (The American Jobs Creation Act of 2004 and The Pension Protection Act of 2006) introduced introduced a host of revisions to the appraisal provisions, including increased penalties for misstated values of appraised property. One unprecedented new appraisal provision mandates the use of "generally accepted appraisal standards (GAAS)". Pacific Analytics experts employ GAAS in all of their appraisals. The 2006 Act severely curtailed the universe of qualified appraisers by introducing new mandatory criteria. To be acceptable to the IRS, appraisals must be performed by "qualified appraisers". All Pacific Analytics appraisers are "Qualified" according to strict IRS rules. What An Appraisal Will Contain • Name and Address of Client Contact Pacific Analytics today to arrange for a professional appraisal of your books and scientific specimen collections. |
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PO BOX 1064 |
Pacific Analytics
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541-758-9352 |
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Corvallis, OR 97339
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