CALIFORNIA FAMILY LAW
...Business Interests
......Valuation Issues
.........Factors to Consider/Elements
............Tax-Effect on Value
3 Cards On This Topic:

Accounts receivable should be discounted by taxes that will be paid on them when received.

Taxes which are not "immediate and specific" may not be considered.

A portion of accrued capital gains taxes properly permitted as a discount when determining value of stock in closely held company.