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Accounting Instruction, Help, u0026 How To
Accounting Instruction, Help, u0026 How To
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_payroll-tax-deferment-what-you-must-know.webp "Heritage Wealth Planning")
_question-of-the-day-tax-deferral.webp "MyNavy HR")
_2020-04-13-the-irs-returns-to-issuing-guidance.webp "This week we look at:nPPP loan program FAQ gets updated by SBAnIRS releases §163(j) relief for real estate and farming businessesnProcedures released for making election to waive carryback period under CARES provisionsnIRS explains the payroll tax deferral programnPartnerships covered by BBA CPAR given temporary reprieve from centralized audit rulesnSix month extension granted to file Forms 1045 and 1139nIRS greatly expands list of returns, payments and actions extended to July 15, 2020.")
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_our-love-life-isn39t-39damaging39-our-children-124-my-extraordinary-family.webp "ADAM and Eve have been together for 10 years and started in a polyamorous relationship. Since 2020 they have dated about 60 people. They are dating coaches and have applied their knowledge to their own dating lives. Adam and Eve have five children and describe their parenting style as ‘pretty standard’.Eve said: “When it comes to our children we didn’t really sit down and have a specific conversation like ‘Mommy and Daddy are polyamorous’ - so for them it’s just another friend until about six months in.” Despite having dated around 60 people, the couple have only properly introduced three of their partners to their children. The couple have faced judgement about their dating lives and misconceptions about their behaviour in front of their children. Adam said: “I don’t believe our dating life impacts our children in any major way, other than to help them be more tolerant and open to other ideals.” They are currently in a relationship with Bella with whom they got romantically involved a few months ago. Their children adore her and especially enjoy baking with her. Eve said: “The best thing about being in a poly relationship is you’re making your own rules. It’s like you have your cake and eat it.”")
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_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.")
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