The Appraisal Issues Task Force (AITF) meets on May 13, 2008 in Chicago (Wyndham, O’Hare) to discuss, among other matters, the status of two working groups sponsored by The Appraisal Foundation.  Jay Fishman will lead the discussion on the first TAF working group on Contributory Assets and Economic Rents, while Carla Glass will provide an update on the second working group, on Customer Relationships.  Jerry Mehm will present the latest from the FASB’s Valuation Resource and Al King will explain whether “valuation differences exist between GAAP and IFRS.”   Other topics include EITF Issue No. 02-13, Issue 1 (whether the fair value of a reporting unit should be estimated by assuming a taxable versus nontaxable transaction), also presented by Mehm; and cross-charges in dual excess earnings model, by Greg Barber.   Attendees will also decide the date and location of the next quarterly gathering.  AITF meetings are open to all valuation professionals and interested parties; however, pre-registration is required.  To inquire about attending, please contact Margaret Schlachter at MSchlachter@american-appraisal.com.