income tax rules 2017 Videos

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A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?
⏲ 4:6 👁 9.8M
Your Money, Your Wealth
⏲ 5 minutes 14 seconds 👁 5.8K
BBC News
⏲ 2 minutes 13 seconds 👁 89.5K
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 👁 600K
Kocha Plus
⏲ 2 minutes 28 seconds 👁 5.8K
James Conole, CFP®
⏲ 12 minutes 21 seconds 👁 4.5K
The Inland Revenue Board (LHDN) regularly monitors its data to identify companies and individuals who do not pay taxes.<br/><br/>LHDN chief executive officer Datuk Dr Abu Tariq Jamaluddin said the revenue-collecting agency has a legal right to take stern action, such as conducting searches on premises.<br/><br/>Read more at https://shorturl.at/bCG03<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 2:29 👁 65.7M
Haws Federal Advisors
⏲ 8 minutes 36 seconds 👁 1.3K
CNBC Television
⏲ 2 minutes 47 seconds 👁 1.1K
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 👁 7.7M
Roosevelt University
⏲ 1 hour 11 minutes 51 seconds 👁 147K
Well Built Wealth
⏲ 4 minutes 46 seconds 👁 1.9K
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