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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.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 2.5M

Fundera by NerdWallet

How to Fill out IRS Form 941: Simple Step-by-Step Instructions

⏲ 15 minutes 15 seconds 👁 79.3K

Malcolm Ethridge

CNBC News Interview 050224

⏲ 9 minutes 28 seconds 👁 24

Easy-to-follow step-by-step Instructions. All the basic techniques with an expert to guide you. | dHNfaUVPWWg3YlMtck0

The Art of Knitting | show | 2005 | Official Clip

⏲ 1:47 👁 455K

A Penny Pinchers Guide to Personal Finance

How to Fill out Schedule C Form 1040 – Sole Proprietorship Taxes

⏲ 12 minutes 15 seconds 👁 41.1K

NonprofitTaxHelp

How To Mail Documents to the IRS - Bulletproof Method

⏲ 7 minutes 58 seconds 👁 127.6K

In this instructional video, we explore English expressions used in workplace scenarios, specifically when discussing deadlines and work pressure. The conversation between Cypher and Dom offers rich examples of how to communicate about work commitments and personal care in English. Key learning points include:<br/><br/>- Vocabulary related to work urgency such as 'deadline', 'a lot of work', and phrases like 'I have to work tonight.'<br/>- Polite ways to refuse offers, demonstrated by the phrase 'no thanks, I’ve already had some chocolate.'<br/>- Expressions of care and concern in a professional context, evident in 'take care of yourself.'<br/>This dialogue helps viewers learn practical English for managing work-related discussions and personal well-being.

3. [Job] I have to work tonight?

⏲ 1:10 👁 25K

Teach Me! Personal Finance

IRS Form 2848 walkthrough - ARCHIVED COPY - READ COMMENTS ONLY

⏲ 16 minutes 1 second 👁 2.3K

Teach Me! Personal Finance

IRS Form 8995 walkthrough (QBI Deduction Simplified Computation)

⏲ 12 minutes 33 seconds 👁 5.4K

#cmpunjab #maryamnawaz #lahorehighcourt #LahorePolice #lawyersprotest <br/><br/>ARY News 2 AM Headlines 9th May 2024 | CM Punjab Maryam Nawaz Important Instructions for IG Punjab<br/>

ARY News 2 AM Headlines 9th May 2024 | CM Punjab Maryam Nawaz Important Instructions for IG Punjab

⏲ 8:46 👁 15K

Jason D. Knott

How to Complete IRS Form 8889 for Health Savings Accounts (HSA)

⏲ 6 minutes 19 seconds 👁 9.3K

Teach Me! Personal Finance

IRS Form 56 Walkthrough (Notice of Fiduciary Relationship)

⏲ 13 minutes 37 seconds 👁 7.3K

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