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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 👁 1.4M

TRS Tax Recovery Services Inc.

British Columbia Sales Tax Bulletin - 110 - Production Machinery and Equipment Exemption

⏲ 2 minutes 10 seconds 👁 19

Areopa webinars

20230306 - Setting up and processing sales and use tax in Microsoft Dynamics 365 BC

⏲ 39 minutes 29 seconds 👁 338

The European Commission has imposed a fine of 337.5 million euros ($366 million) on Mondelez for obstructing sales of its products between EU member states, the bloc's executive arm said on Thursday.

The Maker of Oreo and Cadbury Dairy Milk Has Been Fined $366 Million. Here’s Why

⏲ 1:39 👁 2.4M

Jessica Moorhouse - Canadian Personal Finance

How to Register for GST HST in Canada for Your Small Business

⏲ 16 minutes 10 seconds 👁 42.6K

TRS Tax Recovery Services Inc.

British Columbia Sales Tax Bulletin - 100 - Safety Equipment and Protective Clothing

⏲ 2 minutes 1 second 👁 3

Palo Alto Networks reports quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. Quarterly sales clock in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion.

Palo Alto Networks Earnings Highlights: PANW Shares Drop After Q3 Results, In-Line Guidance

⏲ 0:55 👁 360K

GovernmentofBC

BC Sales Tax Audit Process Overview

⏲ 4 minutes 4 seconds 👁 1.4K

FindTheBestCarPrice

How to Avoid Paying Car Sales Tax (The Legal Way)

⏲ 4 minutes 12 seconds 👁 9.9K

New York Yankees Ticket Revenue: Generating $200 Million from bc sales tax 2017

New York Yankees Ticket Revenue: Generating $200 Million

⏲ 1:0 👁 10.2M

PASTILAN, how many PWD IDs have been sold? Who are the people involved in the sales? Did they benefit from the assistance intended for PWDs from the city?<br/>On another note, how are the preparations for the upcoming election going? Will the next barangay elections push through in December?<br/>Join our conversation here at Beyond the Headlines.<br/>#BeyondtheHeadlines<br/>#AllYouNeedToKnow<br/>#PWDScam

Who is behind the PWD scam at City Hall?

⏲ 56:23 👁 1.7M

There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.

Ways Retirees Can Defuse A Retirement Savings Tax Bomb

⏲ 3:0 👁 235K

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