Joe and Jill Biden revealed their joint tax return, here’s the massive amount they earned from tax processing times Watch Video

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✓ Published: 15-May-2024
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As an industry-leading provider of title plant data and tax information, we can help lower your per-unit cost through an innovative, two-tiered fulfillment cascade that improves production efficiency with intelligent order processing. We use comprehensive quality control measures to validate report accuracy, and offer flexible ordering and delivery via Web, XML and Secured FTP. Turnaround times are fast, no matter where you are doing business in the United States.
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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.
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