Marcus S. Renwick is an attorney and the director of research and publications with The Center for Financial, Legal, and Tax Planning Inc. For more information, visit www.taxplanning.com.
Quick! What is the value of your HVAC contracting business? Is it taxable income times three? Taxable income times five? Or is it the value of the assets minus debts? It is literally your million dollar question that you need to know.
