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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 👁 175K

TASNTA

Examination Overview - IRS Audits, from the Taxpayer Advocate Service

⏲ 5 minutes 57 seconds 👁 3.7K

IRSvideos

IRS Direct File Pilot Overview

⏲ 1 minute 52 seconds 👁 44.7K

College Football 25 - Gameplay Overview Trailer from irs overview

College Football 25 - Gameplay Overview Trailer

⏲ 4:52 👁 155K

UI Vlogs 2021

2024 IRS TAX REFUND UPDAT3 - NEW Refunds Approved, Processing Delays, Interest Payments, 570 Code

⏲ 4 minutes 35 seconds 👁 660

Foundation Group

Overview of IRS Form 990

⏲ 3 minutes 37 seconds 👁 1.6K

Get a deep dive into recent updates available for Warhammer 40,000: Battlesector, as well as a peek at what's in the works for the strategy game. The team at Slitherine also gives us a look at three new units available today with the latest update for the game, including the Royal Warden (Necrons), Biovore (Tyranids), and Pyrovore (Tyranids). Finally, check out the reveal that the Astra Militarum faction is coming in the future as part of a new DLC expansion.

Warhammer 40,000: Battlesector | Update Overview Trailer

⏲ 3:22 👁 645K

Home Biz Tax Lady

IRS Collection Process Basic Overview

⏲ 13 minutes 52 seconds 👁 296

MoneyCoach

Taxes 101 (Tax Basics 1 3)

⏲ 4 minutes 6 seconds 👁 394.7K

Republic of Pirates - Gameplay Overview Trailer from irs overview

Republic of Pirates - Gameplay Overview Trailer

⏲ 2:27 👁 55K

IRSvideos

Come Work at the IRS

⏲ 1 minute 24 seconds 👁 17.3K

NewsNation

Pros and cons of the new IRS tax filing system | Morning in America

⏲ 4 minutes 17 seconds 👁 912

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