Disclaimer

Last Updated: January 1, 2024

1. Appraisal Services Only

CryptoAppraisal Pro provides independent appraisal services for cryptocurrency assets. Our services are limited to determining the fair market value of cryptocurrency at a specific point in time based on the information you provide and publicly available market data.

2. Not Tax, Legal, or Financial Advice

Our services do not constitute tax advice, legal advice, financial advice, or investment advice.

We are not certified public accountants (CPAs), tax attorneys, or financial advisors. We do not:

  • Advise you on whether to make a charitable donation
  • Guarantee the tax deductibility of your donation
  • Prepare or review your tax returns
  • Represent you before the IRS or any tax authority
  • Provide guidance on estate planning or financial strategy

You should always consult with qualified tax and legal professionals regarding your specific situation, filing requirements, and the deductibility of your charitable contributions.

3. No Guarantee of IRS Acceptance

While our appraisals are designed to meet IRS requirements for qualified appraisals of non-cash charitable contributions, we cannot guarantee that the IRS or any other tax authority will accept our appraisal or allow your claimed deduction.

Tax laws and IRS interpretations are subject to change and may vary based on individual circumstances. The ultimate determination of your tax liability rests with you and the appropriate tax authorities.

4. Reliance on Information Provided

Our appraisals are based on:

  • The information and documentation you provide to us
  • Publicly available market data from cryptocurrency exchanges
  • Our professional judgment in applying valuation methodology

We do not independently verify the accuracy of the information you provide. If the information you provide is inaccurate or incomplete, our appraisal may not reflect the true fair market value of your donation.

You are responsible for ensuring the accuracy and completeness of all information you provide.

5. No Verification of Charity or Donation

We do not:

  • Verify that the receiving organization is a qualified 501(c)(3) charity
  • Confirm that your donation actually occurred
  • Validate that the donation was properly received by the charity
  • Determine whether your donation meets all requirements for deductibility

It is your responsibility to verify the charitable status of the receiving organization and to maintain appropriate documentation of your donation.

6. Cryptocurrency Market Volatility

Cryptocurrency markets are highly volatile. The fair market value we determine reflects the value at a specific moment in time based on available data. Values may differ across exchanges and can change rapidly.

For the purpose of charitable donation appraisals, the relevant value is the fair market value at the time of the donation. We rely on your representation of the exact date and time of the donation.

7. IRS Filing Requirements

The IRS has specific requirements for claiming charitable deductions for non-cash contributions, including:

  • Contribution thresholds that require different documentation
  • Timing requirements for obtaining appraisals
  • Form 8283 requirements
  • Record-keeping requirements

It is your responsibility to understand and comply with all applicable IRS requirements. We provide our appraisals as a tool to assist with compliance, but we do not guarantee compliance with all requirements.

8. Limitation of Liability

Our liability is limited as set forth in our Terms of Service. We are not liable for:

  • Tax consequences of your donation
  • IRS rejection of your claimed deduction
  • Penalties or interest assessed by tax authorities
  • Errors resulting from inaccurate information you provided
  • Decisions you make based on our appraisal

9. Professional Standards

Our valuation methodology is designed to align with commonly accepted standards for digital asset appraisal. We focus on observable market data and established valuation approaches. However, cryptocurrency valuation is an evolving field, and standards may continue to develop.

10. Contact Us

If you have questions about this Disclaimer or our services, please contact us at:

Email: support@cryptoappraisalpro.com
Phone: (555) 123-4567