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Steve Forbes warns that a storm in the economy is forming and can be found in the currency exchange markets.<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/><br/>Stay Connected<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

Watch Out—An Economic Firestorm Is Beginning To Form: Steve Forbes

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Jason D. Knott

IRS Form 8962 Premium Tax Credit and the IRS Form 1095-A

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Kevin Knauss

2019 IRS Health Insurance Premium Tax Credit Reconciliation

⏲ 8 minutes 21 seconds 👁 6.4K

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

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Teach Me! Personal Finance

IRS Form 8962 walkthrough (Premium Tax Credit)

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eTax.com

IRS Letter 12C - Missing Form 8962

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Despite admitting that it would be a long shot, President Marcos is determined to form his \

Marcos keen on forming alliance with other parties by October

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Jason D. Knott

How to File Form 8962 for 2022.Step-by-Step Guide on Premium Tax Credit

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TaxGuide101

Missing Form 8962 - E-File Rejection or IRS Letter || Premium Tax Credit & Tax Form 1095-A

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Guardiola on title race and need for perfection<br/><br/>etihad stadium, Manchester, UK

Guardiola on title race and need for perfection

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Fundera by NerdWallet

Filling out IRS Form 8832: An Easy-to-Follow Guide

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Teach Me! Personal Finance

IRS Form 8802 walkthrough (Application for U.S. Residency Certification)

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