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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "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.")
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_irs-where39s-my-refund-124-status-bar-disappears-124-tax-topic-152.jpg "THE TEA With Tae")
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_brief-exercise-7-1.jpg "Buy here:http://assignment.store/products.php?product=Brief-Exercise-7%252d1nnBrief Exercise 7-1nCullumber Enterprises owns the following assets at December 31, 2017.nCash in bank—savings accountnCash on handnCash refund due from IRS 70,600n8,300n34,500 Checking account balancenPostdated checksnCertificates of deposit (180-day) 20,800n840n94,900 What amount should be reported as cash?n$nCash to be reported Brief Exercise 7-7")
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_2017-tax-year-tax-transcripts-what-is-a-cycle-code.jpg "DS Entertainment Network")
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_notice-2014-7-special-tax-exemption-for-caregivers.jpg "Best Care")
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_39is-the-irs-doing-any-of-that39-bill-cassidy-grills-irs-chief-about-efforts-to-capture-fraud.jpg "At a Senate Finance Committee hearing prior to the Congressional recess, Sen. Bill Cassidy (R-LA) questioned IRS Commissioner Danny Werfel about efforts to capture fraud.<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")
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_irs-wage-levy-amp-how-to-get-it-released-ep-2017-07.jpg "TaxBulldog")
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_7th-annual-irs-tpc-joint-research-conference-on-tax-administration-part-4.jpg "Urban Institute")
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "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.")
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_irs-agent-convicted-of-raping-intern-sentenced-to-7-to-8-years.jpg "CBS Boston")
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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-where39s-my-refund-124-status-bar-disappears-124-tax-topic-152.webp "THE TEA With Tae")
_ali-gatie-it39s-you-lyrics-vietsub-tiktok-hits.webp "CHILL WITH ME")
_brief-exercise-7-1.webp "Buy here:http://assignment.store/products.php?product=Brief-Exercise-7%252d1nnBrief Exercise 7-1nCullumber Enterprises owns the following assets at December 31, 2017.nCash in bank—savings accountnCash on handnCash refund due from IRS 70,600n8,300n34,500 Checking account balancenPostdated checksnCertificates of deposit (180-day) 20,800n840n94,900 What amount should be reported as cash?n$nCash to be reported Brief Exercise 7-7")
_2017-tax-year-tax-transcripts-what-is-a-cycle-code.webp "DS Entertainment Network")
_notice-2014-7-special-tax-exemption-for-caregivers.webp "Best Care")
_39is-the-irs-doing-any-of-that39-bill-cassidy-grills-irs-chief-about-efforts-to-capture-fraud.webp "At a Senate Finance Committee hearing prior to the Congressional recess, Sen. Bill Cassidy (R-LA) questioned IRS Commissioner Danny Werfel about efforts to capture fraud.<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")
_irs-wage-levy-amp-how-to-get-it-released-ep-2017-07.webp "TaxBulldog")
_7th-annual-irs-tpc-joint-research-conference-on-tax-administration-part-4.webp "Urban Institute")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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-agent-convicted-of-raping-intern-sentenced-to-7-to-8-years.webp "CBS Boston")
_irs-form-982-walkthrough-reduction-of-tax-attributes-due-to-discharge-of-indebtedness.webp "Teach Me! Personal Finance")
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