_irs-commissioner-danny-werfel-on-taxing-the-wealthy-restoring-fairness-and-utilizing-ai-preview-1.jpg "IRS Commissioner Danny Werfel on taxing the wealthy, restoring fairness and utilizing AI from irs interview Video Screenshot Preview 1")
Gallery_irs-commissioner-danny-werfel-on-taxing-the-wealthy-restoring-fairness-and-utilizing-ai-preview-3.jpg "IRS Commissioner Danny Werfel on taxing the wealthy, restoring fairness and utilizing AI from irs interview Video Screenshot Preview 3")
Gallery_irs-commissioner-danny-werfel-on-taxing-the-wealthy-restoring-fairness-and-utilizing-ai-preview-hqdefault.jpg "IRS Commissioner Danny Werfel on taxing the wealthy, restoring fairness and utilizing AI from irs interview Video Screenshot Preview hqdefault")
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_dread-zeppelin-a-song-of-hope-official-teaser.webp "This is the untold story of Dread Zeppelin, a pioneering band and pop-culture phenomenon that performed reggae versions of Led Zeppelin songs, sung by a 300 pound Elvis Presley impersonator. Conceived as a joke in late 80’s Pasadena, CA, their send-up of rock mythology and tabloid culture unexpectedly took the world by storm when this “ultimate tribute band” was signed to IRS Records. Immediately endorsed by Robert Plant, audiences and critics alike were forced to question whether they wer")
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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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