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Shakira may be innocent of the tax fraud charges against her, as Spanish prosecutors are now asking a second investigation into the star be dropped.
⏲ 1:4 👁 7.8M
Sunday Nivesh
⏲ 7 minutes 15 seconds 👁 2.3K
The Institute of Payroll Training and Management, India
⏲ 11 minutes 34 seconds 👁 38.8K
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 👁 31.3M
ET Money
⏲ 7 minutes 37 seconds 👁 224.5K
The Institute of Payroll Training and Management, India
⏲ 21 minutes 28 seconds 👁 13.5K
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 👁 2.4M
Live Series Sibu
⏲ 5 minutes 39 seconds 👁 44
TAX SATHI
⏲ 12 minutes 32 seconds 👁 1.6K
There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.
⏲ 3:0 👁 1.3M
Udayan Adhye
⏲ 11 minutes 32 seconds 👁 143
THINKING TAMIZHA
⏲ 21 minutes 42 seconds 👁 19.9K
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