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, or
Appraise.EMail/Fax/Mail , 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:
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Mean of the mean pricing.
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Dividend of record.
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GNMA pay-down factor.
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UIT carryover accrual.
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Municipal bond accrual.
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CMO pay-down factor and accrual.
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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 or
Appraise.Email/Fax/Mail.
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Splits, Dividends, & Issue Research
Appraise Lookup
has stock split and dividend history as well as issue identifiers.
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Stock split history. (Data available since 1968)
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Stock dividend and UIT principal payout history. (Data available since 1992)
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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, or
Appraise.Email/Fax/Mail
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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:
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Historical Capital Change Reporting back to 1900.
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Allocation factors.
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Tax status of events.
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Corporate Actions.
Cost basis and capital changes
for stocks and mutual funds can be obtained using:
Appraise.ASP, Appraise.Emai/Fax/Mail,
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 or
Appraise.Email/Fax/Mail
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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 or
Appraise.Email/Fax/Mail.
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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 or
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 or 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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