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<br/>Visit our website:<br/>http://www.france24.com<br/><br/>Like us on Facebook:<br/>https://www.facebook.com/FRANCE24.English<br/><br/>Follow us on Twitter:<br/>https://twitter.com/France24_en<br/>
China has economic 'upper hand' yet Xi & Putin 'need each other to form counterbalance against West'
⏲ 6:42 👁 15K
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 👁 4.8M
During a House Appropriations Committee hearing on Tuesday, Rep. Michael Cloud (R-TX) questioned Internal Revenue Service Commissioner Danny Werfel about teleworking policies.<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
‘It Depends On The Situation’: Michael Cloud & IRS Commissioner Werfel Discuss Telework Policies
⏲ 6:1 👁 545K
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 👁 2.3M
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 👁 1.8M
What a storm looks like through the NOAA's GOES-West satellite.<br/><br/>Credit: CIRA / NOAA | edited by Steve Spaleta
Time-Lapse Of What A Powerful Bomb Cyclone Storm Forming Looks Like
⏲ 1:11 👁 125K
PBBM urges PH security forces to develop skills, knowledge to fight new forms of warfare<br/>
PBBM urges PH security forces to develop skills, knowledge to fight new forms of warfare
⏲ 0:36 👁 10K
Prime Minister Narendra Modi will be in Varanasi today to hold a roadshow before filing his nomination on Tuesday, May 14. He will also visit the Kashi Vishwanath temple. Meanwhile, as voting for the 96 Lok Sabha constituencies in the fourth phase of the Lok Sabha elections was underway on Monday, May 13, Congress President Mallikarjun Kharge appealed to voters not to get deterred by the diversionary tactics of hateful speeches. He said this was a crucial phase to turn the tide in favour of the INDIA bloc's win.<br/>
PM Modi In Varanasi For Filing Nomination, Congress Urges Voters To Help INDIA Bloc Form Government
⏲ 2:17 👁 4.2M
As the PGA Tour continues to grow and the competition continue to get the very best out of the golfers on display, It was the Northern Irishman Rory Mcilroy who came out on top in the latest tournament, here’s a look back at his latest win on the calendar.
Rory McIlroy says ‘stars are aligning’ with golf form ahead of PGA Championship as he looks to return to Major glory
⏲ 1:0 👁 1.2M
Algebra expression for beginners
3. Solving Linear equations into simplest form
⏲ 2:16 👁 5K
Learn the full form of very important acronyms
Learn the full form of very important acronyms
⏲ 7:3 👁 5K
PBBM forms special body on human rights protection <br/><br/>
PBBM forms special body on human rights protection
⏲ 1:0 👁 5K
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