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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 👁 7.1M

pdftax

How to fill out the new IRS Form 1040 for 2018 with the new tax law

⏲ 8 minutes 37 seconds 👁 104.5K

Teach Me! Personal Finance

IRS Form 56 Walkthrough (Notice of Fiduciary Relationship)

⏲ 13 minutes 37 seconds 👁 7.5K

Cody Rhodes is the current big name in the world of Pro-Wrestling now. Form a mid-carder Cody Rhodes reinvented himself to become the biggest name in the industry. After leaving WWE in 2016, Cody Rhodes become most talked about personality in the sports entertainment industry after he helped in the formation and operation of AEW. So what went wrong with Cody Rhodes and AEW. Once a poster boy of AEW who left them to join WWE again. What this video to know our analysis of how AEW failed Cody Rhodes. Don't forget to like, comment, and subscribe for more wrestling insights and analysis!<br/><br/>You can also visit our site: https://www.sportskeeda.com/wwe<br/><br/>#codyrhodes #aew #allelitewrestling #wwe #sportskeedawrestling

AEW's Biggest Mistake With Cody Rhodes

⏲ 14:29 👁 14M

Tax Law Guy

How to Get IRS Back Taxes Forgiveness 3 Different Ways [IRS Back Taxes Help] #backtax

⏲ 20 minutes 32 seconds 👁 41.4K

Teach Me! Personal Finance

IRS Form 4562 walkthrough (Depreciation and Amortization)

⏲ 56 minutes 55 seconds 👁 11K

Current Federal Tax Developments for the week of January 2, 2018 - The Year of TCJA and CPAR.Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute, a Kaplan Company.nnThis week we discuss the following items:nnSEC issues bulletin on handling deferred taxes related to TCJAnIRS requires use of Secure Access accounts to access e-ServicesnIRS issues news release on deducting prepaid real estate taxesnSafe harbor created for residential casualty lo

2018-01-02 The Year of TCJA and CPAR

⏲ 20 min 0 sec ✓ 01-Jan-2018

Teach Me! Personal Finance

IRS Form 8880 walkthrough (Credit for Qualified Retirement Savings Contributions)

⏲ 12 minutes 36 seconds 👁 1.6K

The Zero Percent

IRS Form 14135 [REMOVE FEDERAL TAX LIEN FR0M REAL PROPERTY]

⏲ 24 minutes 37 seconds 👁 745

A warning this next story contains confronting details. A bodybuilder who stabbed his girlfriend to death in front of her young daughter in a jealous rage has been jailed for three decades. The judge found Monique Lezsak's murder was an \

Sven Lindemann sentenced to 31 years for stabbing murder

⏲ 2:7 👁 6.4M

A Penny Pinchers Guide to Personal Finance

2022 IRS Form 1065 Walkthrough | Partnership Tax Return

⏲ 11 minutes 43 seconds 👁 35.9K

Nguyen CPAs

Haven't Filed Taxes In Years?What You Should do!

⏲ 11 minutes 28 seconds 👁 26.8K

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