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Press Release

B. Fletcher & Associates At The Forefront Of New Requirements For Qualified Appraisal and Qualified Appraiser As Defined In IRS Notice 2006-96

Boston, MA December, 2006. Last October, the IRS issued Notice 2006-96, transitional guidance for application of the bill voted August 17, 2006 imposing new provisions and requirements for qualified appraisal and qualified appraiser for contribution of personal property valued at more than $5,000, affecting returns filed after February 16, 2007. http://www.irs.gov/charities/charitable/article/0,,id=163650,00.html

Under Notice 2006-96, a qualified appraisal is conducted by a qualified appraiser in accordance with generally accepted appraisal standards set forth by the Appraisal Standards Board of the Appraisal Foundation: Uniform Standards of Professional Appraisal Practice (USPAP) procedures, well defined guidelines, enforceable set of rules, and ethical standards for correctly prepared appraisals established by the Appraisal Standards Board of the Appraisal Foundation.

Since its founding B. Fletcher & Associates has defined itself by its continuous commitment to apply the highest current standards of the art appraisal profession and has been at the forefront by its strict requirements of education, experience, ethics and expertise and by providing the USPAP certification course and examination to its team of appraisers. The firm prepares appraisals compliant with USPAP and the standards of major professional memberships, the Appraisal Institute of America and IRS rules.

www.bfletcher-associates.com (“appraisals” USPAP)

About B. Fletcher & Associates, LLC

B. Fletcher & Associates is the only multi-specialty independent art appraisal and advisory firm in New England. The firm is based in Boston, Massachusetts and serves private collectors as well as the legal and insurance industries and museums. Their associates are high level experts who have been specialists in their field for an average of fifteen years each. The firm prepares appraisals for estate planning and settlement, charitable contributions, family division and insurance in all areas of the arts, including fine and decorative arts, jewelry and silver. The firm also gives impartial advice for disposition and acquisition of works of art to achieve maximum monetary value for clients, and assists with donations and with all aspects of estate settlements.

For further information: Please contact Brigitte Fletcher, at 617 228-4667 or email BF@bfletcher-associates.com.

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