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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.
⏲ 1:29 👁 4.3M
MyExpatTaxes
⏲ 38 minutes 2 seconds 👁 6.3K
Hector Garcia CPA
⏲ 15 minutes 27 seconds 👁 4K
More than 200 drivers have been caught using their mobile phones by new artificial intelligence cameras as police forces across the Midlands launch projects to crack down on dangerous motorists.A report from Northamptonshire Police found 114 cases of drivers using mobiles while behind the wheel in April.
⏲ 1:15 👁 1.2M
U.S. Department of the Treasury
⏲ 56 seconds 👁 40.6K
Financially Aware
⏲ 20 minutes 50 seconds 👁 8.1K
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.
⏲ 1:29 👁 2.2M
Dylan Quintilone, EA
⏲ 5 minutes 3 seconds 👁 1.8K
Freedom Group
⏲ 17 minutes 29 seconds 👁 28.7K
आज का राशिफल में 1 मई 2024 के दिन कैसा रहेगा सभी राशि वालों के लिए जानें ज्योतिष दिपाली दुबे जी है। इस वीडियो में ज्योतिषी दीपाली दुबे जी आपको बताएगा आपके दैनिक राशिफल के बारे में रोजाना रात 10 बजे। सभी 12 राशि वाले जानें ज्योतिष दीपाली दुबे से हर दिन की भविष्यवाणी। <br/> <br/>Aaj Ka Rashifal 1 May 2024, 2024 or Dainik Rashifal by Astrologer Deepali Dubey. In the video, Deepali Dubey will help you to understand the day to day astrology as per zodiac signs. Dainik Rashifal will help you to know the Daily Bhavishyafal or Horoscope. So, before stepping out of your house must watch Dainik Rashifal to avoid any unwanted happenings. You may follow her and contact her:- <br/> <br/>www.deepalidubey.com | tarotepali@gmail.com <br/> <br/>https://in.pinterest.com/deepaliastro <br/> <br/>Https://linkedin.com/in/deepaliastro <br/> <br/>www.instagram.com/deepaliastro <br/> <br/>www.facebook.com/deepaliastro <br/> <br/>www.youtube.com/deepaliastro <br/> <br/>https://deepaliastro.tumblr.com <br/> <br/>www.twitter.com/deepaliastro <br/> <br/>Mob: 9871811453 <br/> <br/>#AajKaRashifal #AajKaRashifalInHindi #DainikRashifal<br/>~HT.99~PR.114~ED.284~
⏲ 8:16 👁 355K
Golding u0026 Golding International Tax Lawyers
⏲ 5 minutes 20 seconds 👁 228
Golding u0026 Golding International Tax Lawyers
⏲ 6 minutes 55 seconds 👁 119
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