Valuing a business is an expensive action. It can cost thousands of dollars. But it may be desirable or necessary in some situations.
Below are some good reasons you may need to get a business appraisal:
1. Gifting Interests to Children You are permitted to annually give up to an exclusion amount ($14,000 in 2014) to each person you choose without any federal gift tax. Gifts in excess of this limit are taxable or reduce the amount you can transfer tax free at death.
