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Safe-cracker John \
The Anderson Tapes
⏲ 1:39:10 ✓ 29-Mar-2024
Mark J Kohler
Tax Strategies For W-2 Earners
⏲ 43 minutes 32 seconds 👁 147.2K
Sherman - My CPA Coach
ACCOUNTANT EXPLAINS: How To Pay Less Tax In 2024
⏲ 14 minutes 31 seconds 👁 4.9K
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.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 28-Mar-2024
89digits
Ultimate RSI
⏲ 9 minutes 31 seconds 👁 436
CBS News
What the IRS is actually looking for that could trigger a tax audit
⏲ 4 minutes 16 seconds 👁 25.1K
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.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 26-Mar-2024
Estate Planning California | Rex Crandell Firm
INCOME TAXATION OF TRUSTS, ESTATES AND DECEDENTS
⏲ 1 hour 27 minutes 27 seconds 👁 2.1K
CGP Grey
Your Social Security Card is Insecure
⏲ 7 minutes 49 seconds 👁 5.4M
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.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 25-Mar-2024
Free To Choose Network
Milton Friedman Speaks: Who Protects the Consumer? (B1236) - Full Video
⏲ 1 hour 25 minutes 59 seconds 👁 21.3K
That Racing Channel
Triple Turbo 3 Rotor Widebody RX7 + Street Ride Along(INSANE BURNOUT SHREDS TIRE) + GT42R Repu Truck
⏲ 32 minutes 39 seconds 👁 216.2K
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