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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 👁 18M
CNBC Television
Here's how to pay 0% tax on capital gains
⏲ 2 minutes 5 seconds 👁 36.4K
Heritage Wealth Planning
How WISCONSIN Taxes Retirees
⏲ 10 minutes 7 seconds 👁 1.3K
Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<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/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<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<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil
⏲ 17:15 👁 8.8M
James Conole, CFP®
Can Capital Gains Push Me Into a Higher Tax Bracket?
⏲ 9 minutes 23 seconds 👁 27.5K
Jason D. Knott
How to File Wisconsin Form 1 Tax Return for a Full Year Resident
⏲ 18 minutes 18 seconds 👁 448
During a House Administration Committee hearing, Rep. Bryan Steil (R-WI) questioned witnesses about voter registration practices and access to materials by noncitizens.<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
'That Needs To Be Fixed Immediately': Steil Slams Improper Access To Voter Registration Materials
⏲ 9:13 👁 280K
1031Gateway
Capital Gains Tax Explained 2021 (In Under 3 Minutes)
⏲ 2 minutes 23 seconds 👁 56K
Jeb Smith
What is CAPITAL GAINS Tax on REAL ESTATE?
⏲ 5 minutes 13 seconds 👁 17.6K
❤️ More details: https://www.kickstarter.com/projects/studiocamelia/seed-a-vibrant-tribute-to-jrpg-classics/description<br/>⭐ Social media: https://studio-camelia.com/<br/>⚔️ Wishlist on Steam: https://store.steampowered.com/app/2856410/ALZARA_Radiant_Echoes/<br/><br/>☕ Support me on Ko-Fi: https://ko-fi.com/extralife<br/><br/>ALZARA Radiant Echoes is a 3D turn-based JRPG inspired by beloved classics, with a soundtrack by composer Motoi Sakuraba (Dark Souls, Golden Sun) and main character designs by artist Yoshiro Ambe (Genshin Impact, Fire Emblem Heroes, Trials of Mana).<br/><br/>In ALZARA Radiant Echoes, players explore a fantasy Mediterranean archipelago in a world on the brink of war. Releasing on PC and consoles in 2026, the game offers a fresh take on the JRPG genre with a dynamic battle system that allows players to tactically swap heroes and share magical abilities to gain the advantage.<br/><br/>Set in a fantastical world where the power of the four elements intertwines with themes of camaraderie and unity, you will embark on an epic journey alongside Kayla and her allies. <br/><br/>* 3D turn-based JRPG inspired by beloved classics including Final Fantasy X, Golden Sun, and Lost Odyssey<br/>* Dark Souls and Golden Sun composer Motoi Sakuraba works on the game’s soundtrack<br/>* Main characters are designed by Japanese artist Yoshiro Ambe<br/>* Explore the vibrant archipelago of TAQSIM, home to elemental entities called Zals<br/>* The game’s story immerses players in the harsh realities of an invasion, where the concept of sharing becomes a moral battleground with profound consequences<br/>* Take control of four heroes as you embark on an epic journey inspired by classic JRPGs across the stunning, beautiful world of ALZARA<br/>* Harness the elemental magic of Kayla and her allies to battle the invading forces of Vedores. Share the magic to overcome puzzles and obstacles during your adventure<br/>* Intense and strategic turn-based combats, swapping between heroes to combine elemental magic and unleash attacks<br/>* Make offerings to gain favors and summon Legends to defeat your enemies<br/>* Kickstarter campaign starting on May 14th, 2024<br/>* Coming to PC and consoles in 2026<br/><br/>✏️ SYNOPSIS ✏️ <br/>After the disappearance of Magic from the world of Alzara, only one land keeps the secrets of the Echo: Taqsim. Driven by famine and lack of resources, the neighboring nation of Vedores takes advantage of its internal political tensions to invade the home of the Taqsims and claim their goods for themselves.<br/><br/>Our hero, Kayla, is heir to the leadership of Taqsim and struggles within the confines of the role she was born into. With the Vedores' invasion, Kayla is expected to take on a role she struggles with. Kayla must learn to step into the role she was born to and be true to herself to save her people. This leads Kayla to leave the capital and warn her people of the coming invasion.<br/><br/>Her journey will lead to her becoming the head of the Resistance movement...
ALZARA Radiant Echoes is a vibrant tribute to JRPG classics - Bring peace to a world on the brink of war by working together through the power of the elements in this 3D turn-based JRPG
⏲ 1:31 👁 150K
Jeb Smith
Watch Out For Capital Gains when Selling Your House
⏲ 9 minutes 48 seconds 👁 31.9K
Rob Berger
0% Long Term Capital Gains Tax--Is it Legit?
⏲ 19 minutes 52 seconds 👁 24.7K
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