- 45 -
contributed; the manner of acquisition and the date of
acquisition; the cost or other basis of the property; and the
name, address and identifying number of the qualified appraiser
who signs the appraisal summary. Section B of Form 8283 is the
form designed for the appraisal summary.
The Forms 8283 attached to the returns were in many respects
either improperly or incompletely prepared. Zane and Shannon did
not attach a Schedule B to the Form 8283 that was attached to
their 1998 income tax return. Instead they completed section A,
which is expressly intended to be used for noncash charitable
contributions worth $5,000 or less. As a result, their 1998
return contained no declaration by appraiser and no
acknowledgment of the donee.
On the Forms 8283 attached to Rance and LaRhea’s and Rhett
and Alice’s 2000 returns, Mr. Kramer signed the Declaration of
Appraiser and referred to an appraisal dated September 1, 1999,
that was not attached to the returns or shown to have existed.
Rance and LaRhea’s return reflected that an interest of 1.5988
percent of the partnership with a value of $145,000 was
contributed to CCF. The parties have now agreed and stipulated
that Lance and LaRhea contributed a 3.22-percent interest with a
total value of $145,000. Rhett and Alice’s return reflected that
an interest of 2.2851 percent of the partnership with a value of
$100,000 was contributed to CCF. The parties have now agreed and
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Last modified: March 27, 2008