income tax rules 2017 Videos

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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 3.8M
LYFE Accounting
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LYFE Accounting
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The US Federal Communications Commission voted to reinstate net neutrality regulations, reversing the 2017 decision under the Trump administration. Net neutrality rules prevent internet service providers like Comcast and Verizon from prioritizing some internet traffic over others. The new rules will again prohibit ISPs from charging users extra fees for prioritized access to content or blocking/slowing specific websites and apps. The FCC had previously ruled it had authority over broadband as an information service but courts found it lacked mandate to impose anti-discrimination rules on ISPs.
⏲ 0:46 👁 1.6M
INCRadio DZEM954
⏲ 32 minutes 40 seconds 👁 241
Eli Financial
⏲ 3 minutes 51 seconds 👁 81
#FBR #mobilesim #Breakingnews #pakistan <br/><br/>Alert...! FBRs starts blocking mobile SIMs of Non-Tax Filers | Breaking News <br/>
⏲ 6:56 👁 65K
Doug Andrew - 3 Dimensional Wealth
⏲ 13 minutes 2 seconds 👁 784
TaxSlayer Pro
⏲ 21 minutes 49 seconds 👁 943
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 9.2M
Thompson Coburn LLP
⏲ 18 minutes 14 seconds 👁 18
Eli Financial
⏲ 1 minute 20 seconds 👁 184
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