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Wednesday December 28, 2022 - The Internal Revenue Service (IRS) recently announced that it is delaying the implementation of 1099-K reporting requirements until January 2023. This delay affects businesses and individuals who receive payments from financial organizations and other third parties through electronic payment channels such as PayPal, Venmo, Square, Apple Pay or Google Wallet. nnThe delay provides financial organizations and their customers with a valuable reprieve from the compliance

1099-K Rule Delayed: What You Need To Know

⏲ 13 min 21 sec ✓ 29-Dec-2022

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 👁 3.8M

TV star Oprah Winfrey feels she's had an influence on America's diet culture.

Oprah Winfrey says she has been a 'steadfast participant' in America's diet culture

⏲ 1:12 👁 1.5M

1948 Custom Greyhound Bus (Converted Motorhome)nnThis bus started life as a Greyhound passenger bus. In 1956 it was converted to a Motor home.A new updated motorhome was completed in 2023. nnThe drivetrain and suspension underwent the following: nDetroit 671 diesel pusher was rebuilt Alison automatic transmission nninstalled air ride rear axle and suspension nAir brakes thoroughly inspected nGenerator converted to 24-volt alternator nAll new wiring throughout for power to run motorhome nNew In

1948 Customized Greyhound Bus Selling at AUCTION!

⏲ 1 min 70 sec ✓ 13-May-2024

British luxury automobile manufacturer, Jaguar Land Rover, has reported a pre-tax profit of £2.2bn, marking its highest since 2015. The uptick in returns has been attributed to thriving global demand for the company's luxury models, particularly the Defender and Range Rover models manufactured at its Solihull factory.

Jaguar Land Rover sees record profits on global demand

⏲ 1:0 👁 8.2M

Netflix has confirmed 'Happy Gilmore 2' is in the works, with Adam Sandler set to reprise his role as the titular golfer.

'Happy Gilmore 2' has been confirmed by Netflix

⏲ 2:8 👁 1.2M

Wednesday December 28, 2022 - The Internal Revenue Service (IRS) recently announced that it is delaying the implementation of 1099-K reporting requirements until January 2023. This delay affects businesses and individuals who receive payments from financial organizations and other third parties through electronic payment channels such as PayPal, Venmo, Square, Apple Pay or Google Wallet. nnThe delay provides financial organizations and their customers with a valuable reprieve from the compliance

1099-K Rule Delayed: What You Need To Know

⏲ 0 sec ✓ 29-Dec-2022

Full story, KentOnline

Namaste care practitioner Emily Brown has been nominated

⏲ 0:47 👁 2.1M

A new scheme has been launched to help first time buyers. The collection of one and two bedroom apartments are situated amongst Bristol’s exclusive bars, easterlies and independent shops.

A new scheme has been launched to help first time buyers

⏲ 2:0 👁 1.9M

James Cameron is a filmmaker with many beloved projects, who is known for pushing the limits of what film and visual/practical effects are capable of. One of his most iconic movies is definitely \

James Cameron Recalls Almost Losing Leo DiCaprio In 'Titanic': ‘You Change One Element And It Doesn’t Work'

⏲ 1:10 👁 465K

Tax evaders wishing to wipe the slate clean with the Inland Revenue Board (LHDN) have until end of this month to do so, says Datuk Abu Tariq Jamaluddin.<br/><br/>The LHDN chief executive officer said this is because the deadline for thoseseeking a fresh start under the Special Voluntary Disclosure Programme 2.0 (SVDP) ends this May 31, after which they may end up paying a hefty penalty.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>

Last chance for tax evaders as fresh start offer ends May 31

⏲ 3:28 👁 7.1M

Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for the last 6 quarters, including selling a portion of his Apple stake and all of his Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding, to take tax losses now ahead of potential future tax increases. Berkshire no longer sees Paramount as having the right assets to be a successful entertainment company. Berkshire's main stock purchases were adding to its Liberty SiriusXM tracking stock position and Occidental Petroleum stake.

Warren Buffet's Berkshire Hathaway Sheds Apple, Paramount Stock

⏲ 0:35 👁 3.2M

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