There is a jewelry repair shop in the basement of Lucky Plaza across from the food court. They do repair work, but I imagine they can appraise also. It came recommended by three different mall stores that wouldn't touch anything they didn't originally sell.yosithezet wrote:I need to get a ring appraised for tax purposes. Can anyone suggest a place around Orchard or Somerset?
Are you being audited? The state will almost never ask for such a thing unless you're under a tax audit. It's usually up to you to just supply a value to the state. If they don't believe you (and thus the audit), you might need the appraisal..yosithezet wrote:The ring seems to just be silver. It was inherited and specifically named in a will. Belonged to my grandmother. So the US state wants an appraisal in order to be able to asses a 15% tax. IMO the appraisal itself will cost more than 15% of the value. *rolleyes*
I'd agree, that's what it sounds like. Your chances of being audited are close to nil unless you're pulling some really shady stuff with amounts much higher than the likely value of that ring.yosithezet wrote:Not yet. I think we have an amateur lawyer dealing with the estate tax. He is scared of his shadow.
Fair enough. If I were you I'd cherish the ring as a family heirloom, and a reminder of your grandmother.yosithezet wrote:The ring seems to just be silver. It was inherited and specifically named in a will. Belonged to my grandmother. So the US state wants an appraisal in order to be able to asses a 15% tax. IMO the appraisal itself will cost more than 15% of the value. *rolleyes*
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