Includes the requisite info (description of the property, condition of the property, the date of the donation, the terms of the donation, the name, address, and ID number of the appraiser, the appraiser's qualifications, a statement that the appraisal was created for tax purposes, the date of the appraisal, the Fair Market Value determined on the date of the expected donation, and the basis for valuation- art objects require additional info, including size, subject, artist name, history, etc.).Relates to an appraisal made within 60 days of the donation.Meets the requirements of 'Regulations section 1.170A-13(c)(3) and Notice 2006-96 I.R.B 902' (what a mouthful!).The IRS has its own special guides and lingo when it comes to determining the value of donated goods, and while they don't give a lot of convenient, hard and fast numbers like the Goodwill does, their advice is still worth bringing up here, if not because they are the ultimate authority, but also because the explain the basis for Goodwill's estimates. If you want to dig through the official IRS guide to determining fair market value, this is the spot! The IRS Guide to Determining Fair Market Value.That should serve as a pretty fair estimate, so you shall need to do no further calculations from there. When you donate food, the person accepting it from you on behalf of a nonprofit org will issue you a receipt with an estimate of the value of the food you have donated. If you are donating food, it is a bit harder to determine the fair market value-it might not be exactly what you paid for it (it'll typically be less) because shelters are often able to get goods at a discount.

Goodwill valuation guide