Motor Survey Management System from tax calculations online Watch Video

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⏲ Duration: 11 min 85 sec
✓ Published: 19-Jan-2013
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Motor Survey Management SystemnComplete solution for Motor Surveyor'snMSMS – Motor Survey Management Systemn MSMS helps surveyor to efficiently maintain & store various motor surveying related data. Anyone with a basic knowledge of computer skills can easily work with this software. The software completely eliminates all the paperwork and maintenance of huge books and registers. The software is graphically very user-friendly. Even a novice can work on the software with initial assistance.

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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.
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