Inflated art appraisals cost U.S. government untold millions

An alleged tax-fraud scheme involving donations of overvalued art to four local museums is part of a larger, unchecked problem with inflated art appraisals that has cost the federal government untold millions, a Times analysis has found.
Each year, the Internal Revenue Service audits donations claimed on only a handful of the 100,000 or more tax [...]

Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/246815497/