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During a House Appropriations Committee hearing on Tuesday, Rep. Michael Cloud (R-TX) questioned Internal Revenue Service Commissioner Danny Werfel about teleworking policies.<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
‘It Depends On The Situation’: Michael Cloud & IRS Commissioner Werfel Discuss Telework Policies
⏲ 6:1 👁 580K
UI Vlogs 2021
2024 IRS TAX REFUND UPDAT3 - UPDAT3D TAX CHANGES, Refund Delays, Amended Returns, ID Verification
⏲ 8 minutes 17 seconds 👁 106.8K
UI Vlogs 2021
2024 IRS TAX REFUND UPDAT3 - NEW Refunds Approved, Processing Delays, Action Required, Transcripts
⏲ 5 minutes 1 second 👁 3.2K
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 👁 3.8M
ClearValue Tax
IRS Tax Refund Update - Delays and Smaller Refunds
⏲ 6 minutes 16 seconds 👁 101.8K
Simplistic Motivation
Tax refund 2021 IRS tax refund 2021
⏲ 3 minutes 10 seconds 👁 1.3K
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 👁 2.4M
UI Vlogs 2021
2024 IRS TAX REFUND UPDAT3 - New Refunds Approved, Path Act Delays, Tax Processing, Action Required
⏲ 6 minutes 50 seconds 👁 15.4K
Coffee and Donut Break with Laura®
Early filers 2021 tax returns accepted!IRS FREE FILE Tax slayer, Free Tax USA,Tax Act | TurboTax?
⏲ 6 minutes 53 seconds 👁 3.4K
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 👁 1.8M
Nguyen CPAs
Where's My IRS Refund 2021
⏲ 11 minutes 8 seconds 👁 1.3K
UI Vlogs 2021
2024 IRS TAX REFUND UPDAT3 - Important! IRS Begins Accepting Tax Returns! Rejected Tax Returns
⏲ 7 minutes 1 second 👁 2.1K
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