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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 900K
IRS Form 2120 walkthrough (Multiple Support Declaration)
⏲ 6 minutes 58 seconds 👁 155
Who qualifies as a dependent?
⏲ 6 minutes 49 seconds 👁 5.2K
Steny Hoyer Has Impassionated Conversation With IRS Commissioner About Audit & Enforcement Rates
⏲ 9:15 👁 4.3M
IRS raises income threshold and standard deduction for all tax brackets
⏲ 2 minutes 10 seconds 👁 23.4K
2021 IRS Economic Impact Payments on Your Tax Account
⏲ 2 minutes 2 seconds 👁 125.9K
Sanford Bishop Asks IRS Chief About Using Artificial Intelligence To ‘Crack Down On Tax Evasion’
⏲ 5:23 👁 1.6M
Can I Retire at 60 with $1 Million in My 401K?
⏲ 15 minutes 54 seconds 👁 876
How to Get IRS Back Taxes Forgiveness 3 Different Ways [IRS Back Taxes Help] #backtax
⏲ 20 minutes 32 seconds 👁 41.2K
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 1.7M
2020 Styrian Grand Prix: Race Highlights
⏲ 6 minutes 8 seconds 👁 2.3M
2023 Tax Changes You Don't Want To Miss!
⏲ 17 minutes 55 seconds 👁 43.6K
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_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.")
_irs-form-2120-walkthrough-multiple-support-declaration.webp "Teach Me! Personal Finance")
_who-qualifies-as-a-dependent.webp "The Tax Geek")
_steny-hoyer-has-impassionated-conversation-with-irs-commissioner-about-audit-amp-enforcement-rates.webp "During a House Appropriations Committee hearing on Tuesday, Rep. Steny Hoyer (D-MD) questioned Internal Revenue Service Commissioner Danny Werfel about audit and enforcement rates.<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")
_irs-raises-income-threshold-and-standard-deduction-for-all-tax-brackets.webp "CNBC Television")
_2021-irs-economic-impact-payments-on-your-tax-account.webp "IRSvideos")
_sanford-bishop-asks-irs-chief-about-using-artificial-intelligence-to-crack-down-on-tax-evasion.webp "During a House Appropriations Committee hearing on Tuesday, Rep. Sanford Bishop (D-GA) questioned Internal Revenue Service Commissioner Danny Werfel about the workforce of the IRS, using AI and speeding up paper returns.<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")
_can-i-retire-at-60-with-361-million-in-my-401k.webp "Ari Taublieb, CFP®")
_how-to-get-irs-back-taxes-forgiveness-3-different-ways-irs-back-taxes-help-backtax.webp "Tax Law Guy")
_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.")
_2020-styrian-grand-prix-race-highlights.webp "FORMULA 1")
_2023-tax-changes-you-don39t-want-to-miss.webp "Karlton Dennis")
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