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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 👁 295K

RealEstateTaxTips

How To Claim Home Office Expenses

⏲ 15 minutes 46 seconds 👁 3.8K

The Tax Geek

Why is my state tax refund taxable?

⏲ 7 minutes 2 seconds 👁 3K

#headlines #imrankhan #ciphercase #weathernews #t20worldcup2024 #ciphercase #pmshehbazsharif <br/><br/>۔No tax on pension in Budget 2024-25<br/><br/>۔Cipher case: Govt to review detailed IHC verdict before deciding to appeal<br/><br/>۔PTI reacts to acquittal of founder, Qureshi in cipher case<br/><br/>۔PTI founder, Qureshi acquitted in cipher case<br/><br/>۔Iddat case set for fresh hearing on June 25<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/><br/>Official Facebook: https://www.fb.com/arynewsasia<br/><br/>Official Twitter: https://www.twitter.com/arynewsofficial<br/><br/>Official Instagram: https://instagram.com/arynewstv<br/><br/>Website: https://arynews.tv<br/><br/>Watch ARY NEWS LIVE: http://live.arynews.tv<br/><br/>Listen Live: http://live.arynews.tv/audio<br/><br/>Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial<br/>#ARYNews<br/><br/>ARY News Official YouTube Channel.<br/>For more videos, subscribe to our channel and for suggestions please use the comment section.

ARY News 12 AM Headlines 4th June 2024 | Nah Deal, Nah Maffi Nama. . .

⏲ 17:11 👁 70K

1031 Exchange Lady

1031 Exchange - IRS Tax Form 8824 Explained

⏲ 8 minutes 58 seconds 👁 1.3K

Money Instructor

How to Fill Out Form 1040 for 2022 | Taxes 2023 | Money Instructor

⏲ 11 minutes 48 seconds 👁 58.4K

The Liberal Democrats want to provide free school meals to all primary school children, in a manifesto pledge they said would be funded by a tax on share buybacks. The party said it would start by immediately extending the scheme to provide school meals to all 900,000 children living in poverty who currently miss out. Under the plan, all primary school children would be able to get free school meals once public finances stabilise. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Lib Dems pledge to offer free school meals

⏲ 1:9 👁 370K

Raquel Toussaint

How To Fill Out NEW YORK State Tax Form

⏲ 10 minutes 45 seconds 👁 38.7K

Jason D. Knott

Now to file New York Form IT-203 for a Nonresident

⏲ 16 minutes 12 seconds 👁 1.2K

#pmlngovt #nationalassembly #SunniIttehadCouncil #headlines <br/><br/>Petrol prices likely to drop again in Pakistan<br/><br/>A great loss to the Muslim World<br/><br/>Ahmed Farhad arrested, in Kashmir police custody, IHC informed<br/><br/>Khawar Maneka ‘attacked’ by lawyers’ outside court<br/><br/>Eidul Azha 2024 to fall on THIS date in Pakistan<br/><br/>PTI’s Sher Afzal Marwat meets Ishratul Ibad to reduce political tension<br/><br/>China hosts Arab leaders at forum aimed at deepening ties<br/><br/>Karachi: Heatwave conditions likely to persist till June 1st<br/><br/>LHC declare ECP’s vote recounting decision in NA-97 as void<br/><br/>IMF wants Pakistan to impose tax on stationery items<br/><br/>At least 27 killed as Quetta-bound bus plunges into ditch<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.

ARY News 8 PM Headlines 29th May 2024 | Good News For Sunni Ittehad Council

⏲ 14:31 👁 45K

LedgerGurus

Texas Franchise Tax Filing Guide: 2024 UPDAT3

⏲ 7 minutes 49 seconds 👁 1.8K

LYFE Accounting

9 HUGE Tax Write Offs for Individuals (EVERYONE can use these)

⏲ 17 minutes 22 seconds 👁 251.8K

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