_this-billionaire39s-bad-bets-left-hundreds-of-underserved-scholarship-students-in-limbo.jpg "This Billionaire's Bad Bets Left Hundreds Of Underserved Scholarship Students In Limbo from form 9a of income tax act Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 5:10
👁 View: 925K times
✓ Published: 19-Apr-2024
👁 View: 925K times
✓ Published: 19-Apr-2024
Description:
Throwing good money after bad and refusing to cut his losses with risky healthcare bets cost Jack Schuler most of his fortune—and left hundreds of underserved kids in the lurch.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=1cbc813f2f78<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Throwing good money after bad and refusing to cut his losses with risky healthcare bets cost Jack Schuler most of his fortune—and left hundreds of underserved kids in the lurch.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=1cbc813f2f78<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_income-taxation-of-trusts-estates-and-decedents.webp "Estate Planning California | Rex Crandell Firm")
_starmer-accuses-pm-of-39smearing-a-working-class-woman39.webp "Keir Starmer has accused the prime minister of 'smearing a working class woman' as the two clashed during PMQs.<br/> <br/>The Labour leader accused ‘billionaire’ Rishi Sunak of using schemes for tax evasion while trying to draw attention to Angela Rayner's tax affairs. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_introduction-to-income-tax-of-trusts-amp-estates.webp "Explore the Internal Revenue Code")
_irs-form-1099-r-walkthrough-distributions-from-pensions-retirement-accounts-annuities-etc.webp "Teach Me! Personal Finance")
⏲ 24 minutes 41 seconds 👁 5.6K
_how-to-calculate-112-accumulation-and-file-form-10-for-the-same.webp "CA Swarnim Rai")
_how-to-file-a-free-tax-extension-form-4868-124-complete-instructions.webp "Navi Maraj, CPA")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_condonation-for-delay-in-filing-form-10b-form-10bb-and-form-9a-and-form-10.webp "NGOenabler")
⏲ 6 minutes 13 seconds 👁 2.4K
_income-taxation-of-trusts-estates-and-decedents.jpg)
_starmer-accuses-pm-of-39smearing-a-working-class-woman39.jpg)
_introduction-to-income-tax-of-trusts-amp-estates.jpg)
_irs-form-1099-r-walkthrough-distributions-from-pensions-retirement-accounts-annuities-etc.jpg)
_how-to-calculate-112-accumulation-and-file-form-10-for-the-same.jpg)
_how-to-file-a-free-tax-extension-form-4868-124-complete-instructions.jpg)
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg)
_condonation-for-delay-in-filing-form-10b-form-10bb-and-form-9a-and-form-10.jpg)
![[+]](/images/menu.gif){kind=small}