Planning a significant firearm gift or settling an estate in 2026? The IRS requires a "Qualified Appraisal" by a certified professional for high-value personal property like firearm collections. An informal guess can lead to accuracy-related penalties of up to 40 percent. From gift tax reporting on Form 709 to documentation for probate and charitable donations, MDRF Enterprises provides the USPAP-compliant reports needed for federal tax compliance.
