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_how-to-pay-zero-taxes-to-the-irs-tax-loopholes-you-can-use.webp "ClearValue Tax")
_tax-strategies-for-high-income-earners-to-help-reduce-taxes.webp "Sierens Financial Group")
_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_tax-year-planning-for-2024-25.webp "Moore Kingston Smith LLP")
_starmer-refuses-to-comment-on-rayners-tax-affairs.webp "Labour leader Sir Keir Starmer has refused to comment on whether the party has provided funding for tax or legal advice for his deputy Angela Rayner’s tax affairs. Mr Starmer said, “I have said I am absolutely pleased to be out with Angela today, and that is the focus that she has, that is the focus that I have had.” <br/> <br/> Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_a-100-naira-per-day-school-for-low-income-families.webp "A school in the Nigerian administrative capital city of Abuja offers teaching to students at a 100 Naira ($0.86) per day. It enables poor parents and daily income earners to send their children to get secondary school education.")
_biden-marks-earth-day-by-announcing-367b-in-federal-solar-power-grants.webp "Biden marks Earth Day by announcing $7B in federal solar power grants<br/><br/>President Joe Biden marked Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities — while criticizing Republicans who want to gut his policies to address climate change.<br/><br/>Seeking reelection in November, Biden said, “Despite the overwhelming devastation in red and blue states, there are still those who deny the climate is in crisis.\")
_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.")
_how-to-pay-zero-taxes-to-the-irs-tax-loopholes-you-can-use.jpg)
_tax-strategies-for-high-income-earners-to-help-reduce-taxes.jpg)
_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.jpg)
_tax-year-planning-for-2024-25.jpg)
_starmer-refuses-to-comment-on-rayners-tax-affairs.jpg)
_a-100-naira-per-day-school-for-low-income-families.jpg)
_biden-marks-earth-day-by-announcing-367b-in-federal-solar-power-grants.jpg)
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg)
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