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Introduction›HIGHLIGHTS OF THIS ISSUE—Continued

SECTION 13. EFFECT OF

Internal Revenue Bulletin 1996-3 · 2026-10-03 edition · updated 2026-10-04 · United States

STATEMENT OF VALUE

.01 A taxpayer may rely on a Statement of Value received from the Service for an item of art, except as provided in sections 13.02 and 13.03 of this revenue procedure.

.02 A taxpayer may not rely on a Statement of Value issued to another taxpayer.

.03 A taxpayer may not rely on a Statement of Value if the representations upon which the Statement of Value was based are not accurate statements of the material facts.

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▸Contents — Internal Revenue Bulletin 1996-3
Internal Revenue Bulletin 1996-3

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