Value your business at its actual worth. Though it generates a lot of income, it may not have a high liquidation value. Value it as cash on hand, receivables, furniture, property, and inventory held minus payable, debts and mortgages. Report net income from business, not gross. Limited partnerships are considered assets, but if it is impossible for you to sell your interest in the partnership at this time, the worth is zero.
Bill accounts early enough to receive payments prior to the base year.
Purchase a home for your student. Rent out the extra bedrooms to make your payments, discount the mortgage debt on the loan and build equity in an investment.