Our Services
When preparing your tax return, you need expert partners with a clear understanding
of all pertinent IRS regulations
to help you value your securities. At Evaluation Services Inc., we offer banks, brokerage firms, accounting firms, lawyers,
and other professionals a wide array of applications to help them access all the securities information they need to accomplish their goals.
Whether you use Appraise.Windows, Appraise.ASP, Appraise.EMail/Fax/Mail,
or http://www.CapitalChangesOnline.com
, Appraise makes it simple to create the following reports for you:
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Estate and Gift Tax Valuations
Evaluation Services estate and gift tax valuation reports have been
deemed acceptable for use by the Internal Revenue Service.
The estate tax is based on the mean price
and accrued income of the securities on the date of death or
an alternate valuation date six months after death.
The gift tax is based on the mean price and accrued income of the securities on the date of gift.
Valuations on these securities are complex,
and every time you prepare a tax return, you
face the possibility of an IRS audit. If
your pricing information or accrual
calculations don't correspond with the IRS
regulations, you may have to endure a time
consuming and often costly examination.
Stockbrokers may be glad to help you gather pricing data, but they're really not familiar with the IRS regulations that heavily influence the process.
The internet does not have all the data you need.
Appraise's Estate Tax Securities Valuation Report includes all IRS required data for:
- Mean of the mean pricing.
- Dividend of record.
- GNMA pay-down factor.
- UIT carryover accrual.
- Municipal bond accrual.
- CMO pay-down factor and accrual.
- Automatic adjustment for stock splits between the date of death and alternate date.
Securities can be sorted by CUSIP® number, security type, or alphabetically.
Finally, if you prepare alternate valuations which have transactional activity between the date of death and alternate date,
Appraise allows you to input 17 unique types. They are: called, cash, cash in lieu, distribution, exchange, fee, matured, merger,
name change, redeemed, remark, reverse split, sold, spin off, split, transfer in, and transfer out. This feature follows Generally Accepted Accounting Principles.
Estate, State Death Tax and Gift Tax
valuation reports can be obtained using
any of these methods: Appraise.Windows, Appraise.ASP , Appraise.Emai/Fax/Mail
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1040-1041 Income Allocator (Fiscal or Calendar year)
The Appraise 1040-1041 Income Calculator is a powerful, time saving tool
for professionals who prepare date of death valuations and are
also responsible for preparation of a decedent's personal
income tax returns and estate or trust fiduciary income tax
returns.
It calculates and prorates the dividends to a decedent's final income (Form
1040) and trust/estate (Form 1041) tax returns for a calendar or fiscal year.
You can create a new portfolio or
import an existing date of death portfolio.
These
Reports can be obtained using any of these methods: Appraise.ASP, Appraise.Email/Fax/Mail, or
www.CapitalChangesOnline.com.
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Splits, Dividends, & Issue Research
Appraise Lookup has stock split and dividend history as well as issue identifiers.
- Stock split history. (Data available since 1968)
- Stock dividend and UIT principal payout history. (Data available since 1992)
- Issue Research for equities and funds using ticker symbols or Cusip numbers.
This information can be obtained using any of these methods:
Appraise.Windows,
Appraise.ASP,
Appraise.Email/Fax/Mail, or
www.CapitalChangesOnline.com.
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Capital Change Reporting and Cost Basis Calculations
Evaluation Services Inc. has recently
entered into a partnership with Xcitek to offer historical
cost basis with tax allocation factors, corporate actions,
transfer/paying agents, and an exclusive Cost Basis
Calculator. For small and mid sized tax preparation companies
who are overpaying for these services, Appraise Plus is a pay as you go alternative which provides
more information at a lower price.
The Cost Basis Calculator can do in seconds what might otherwise take days. Simply by supplying the
security, price paid, amount purchased, date of purchase and date of sale, the calculator can automatically
calculate the adjusted cost basis taking into account all splits, spin-offs, distributions and other
cost basis-effecting corporate actions.
In an instant, cost basis is determined for any security and over any holding period back to 1900.
Results include the Date of the Corporate Action, the Type of Corporate Action, and the Allocation
with a running total of Current Cost and Current Shares. Results can be printed or saved to a client worksheet.
You can also use Appraise Plus to access:
- Historical Capital Change Reporting back to 1900.
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Allocation factors.
- Tax status of events.
- Corporate Actions.
Cost basis and capital changes for stocks and mutual funds can be obtained using:
Appraise.ASP,
Appraise.Emai/Fax/Mail, or
www.CapitalChangesOnline.com, or Appraise.Windows
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Dividend Reinvestor
The Appraise
Dividend Reinvestor calculates the cost basis, market value,
and capital gains (losses) for dividend reinvestment plans,
automatically adjusting for stock splits.
The user
provides the purchase and end date, the share amount, and
price per security or total transaction value. Additional
purchases and sales can also be included. You can start with your
current holdings or initial purchase.
Cost Basis for dividend reinvestment plans reports can be
obtained using any of these methods: Appraise.ASP,
Appraise.Email/Fax/Mail, or
www.CapitalChangesOnline.com.
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High, Low, & Closing Prices
Appraise's EZPrice feature provides you with current and historical pricing information for more than 3 million domestic and international
securities. The report shows unadjusted high, low, and close price, and indicated annual dividend for equities and funds. It also returns bid, ask and close price for
bonds. There is an option to access exchange rates.
The security value can be calculated using the high, low, close, or mean prices.
Reports can be sorted by CUSIP® number, security type, description, market value, income, or yield.
These reports can be obtained using any of these
methods:
Appraise.Windows,
Appraise.ASP,
Appraise.Email/Fax/Mail,
or www.CapitalChangesOnline.com. |
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Unitrust Year End Valuations
The Charitable Remainder Unitrust provides a way to obtain income for life that can grow as the funds invested in the trust grow.
The unitrust provides a variable payment, based upon a fixed rate multiplied against the re-valuation of the assets in the trust each year.
As trust assets grow, the increasing value of the trust portfolio will result in larger annual payouts.
Example:
Stock worth $25,000, which cost the donor $5,000, is contributed to a Charitable Remainder Unitrust, which then disposes of the stock and reinvests the proceeds. The
trust is credited with the full value of the stock, and neither the trust nor the contributor is charged initially with income tax on the capital gain. The
trust provides income for the life of the donor at a unitrust rate of, for example, 6%, providing the donor makes payments of $1,500 the first year ($25,000 x 6%).
Thereafter, the value of the securities is established on the first business day of each calendar year, and the unitrust rate is applied to this new value to establish the payment for the current year.
If for example, the trust assets had increased in value to $30,000, the payment for the year would be $1,800 ($30,000 x 6%).
Appraise Unitrust provides the annual valuation of the securities held in the trust based on close or mean price and includes income calculations.
Unitrust Year End Valuations reports
can be obtained using any of these methods: Appraise.Windows
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Appraise.ASP |
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Multi Date Pricing
Report
Appraise Multi Date collects prices
and descriptive information for a
single day or a time series of dates
up through yesterday's close. Many clients use this report to audit their
exception lists and verify trade values. The available intervals are daily,
weekly,
monthly,
quarterly,
or annually.
These reports can be obtained using any
of these methods: Appraise.ASP, Appraise.Email/Fax/Mail
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We look forward to providing innovative solutions and state-of-the art technology to our clients.
So before you do your securities valuation for the estate and gift tax, do the math:
Appraise decreases your research time, allows you to control cost, drive more revenue and comply with the IRS regulations. No other system gives you as much!
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