Mercer’s Musings #1: USPAP and the Internal Revenue Service
Chris Mercer
FEBRUARY 8, 2024
For example, USPAP’s Standards Rule 9-4(d) states: (d) An appraiser must, when necessary for credible assignment results, analyze the effect on value, if any, of the extent to which the interest appraised contains elements of ownership control and is marketable and/or liquid. This is not a criticism of either set of standards.
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