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Farm equipment appraisals for estate tax, prepared in accordance with IRS estate tax requirements (Form 706). AppraiseItNow provides USPAP-compliant appraisals covering tractors, combines, and full equipment inventories to protect heirs from costly recapture liability.
IRS Form 706 QualifiedThey diligently researched both equipment items and provided well-documented reports
DEFENSIBLE, USPAP-COMPLIANT FARM EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, PROBATE COURTS, AND ESTATE ATTORNEYS.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Machinery & Equipment Appraiser
Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.
Vehicle Appraiser
CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow provides certified farm equipment appraisals for estates subject to federal estate tax reporting on IRS Form 706. When a decedent's estate includes tractors, combines, irrigation systems, or other agricultural machinery, a qualified appraisal establishing fair market value as of the date of death is required to support accurate reporting and avoid IRS penalties of 20% to 40% for substantial valuation understatements. Farm equipment also plays a direct role in qualifying for Special Use Valuation under IRC §2032A, which requires that at least 50% of the gross estate consist of real or personal property used in farming. Our equipment valuation practice includes appraisers with direct experience in agricultural asset markets.
We deliver appraisals both online and onsite across the United States. Remote appraisals use photographs, serial numbers, hours of use, and maintenance records, while onsite inspections are coordinated when equipment condition or estate complexity requires physical review. Estate attorneys, CPAs, and executors working through estate tax valuation services rely on our reports to meet IRS qualified appraisal standards and filing deadlines.
AppraiseItNow covers the full range of agricultural machinery and equipment commonly found in taxable estates, including:
Our process and reporting are structured to meet IRS qualified appraisal requirements for Form 706 filings:
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
Technology Equipment Appraisal for Divorce
AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
Machinery & Equipment Appraisal
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
Yes. Treasury Regulation 20.2031-1(b) requires livestock, farm machinery, and crops to be itemized with each item separately valued at fair market value on the valuation date, and it prohibits using local property-tax assessments unless they equal fair market value. Lump-sum machinery figures without item detail are a standing IRS objection.
No, the IRC 2032A reduced-value formula applies only to qualifying real property. Machinery still matters to the election, though: tractors and combines count toward the requirement that at least half of the estate consist of farm or business property, so accurate equipment values help the land qualify even though the machines themselves stay at fair market value.
They become the heirs' stepped-up basis: IRS Publication 225 confirms inherited property takes the fair market value from the estate valuation, and machinery is then depreciated from that figure. Undervaluing a combine on Form 706 hands the heir a smaller depreciation base and a larger gain on sale, so low numbers are not conservative.
An absorption analysis may be needed. Selling a fleet of similar tractors or irrigation units into the same market within a short period can depress per-unit prices, so multiplying one unit's value by the count can overstate realizable value. The appraisal should address market absorption explicitly, because the IRS disputes unsupported figures in both directions.