Private Wealth Services partner Eric Mann and Associate Amanda Andrews authored the article, "Unlocking the Mystery Behind IRS Review of Claims for Charitable Deductions in Art," the latest installment in their series of Trust and Estates Analysis columns published by Thomson Reuters Westlaw. 

In the article, they discuss the importance of adhering to technical and procedural rules when donating artwork to charities to protect and maximize charitable deductions. It emphasizes the need for obtaining a qualified appraisal for artwork valued at over $5,000 and highlights the role of the IRS Art Appraisal Services and Art Advisory Panel in reviewing such valuations, stressing the significance of proactive planning to ensure a successful charitable deduction.

Click here to read the article.

The publication is also available on Westlaw Today.