The tax penalty imposed on appraisers:

a. Can be as much as 125% of the appraisal fee that was charged.

b. Is waived if the taxpayer also was charged with his/her own valuation penalty.

c. Equals 25% of the appraised value of the property, with a $10,000 minimum penalty.

d. Applies only if the appraiser knew that the appraisal would be used in preparing a Federal income tax return.

e. Is imposed only with respect to gift and estate tax returns.