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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 👁 3.7M

Money Instructor

How to Read Your W-2 Tax Form | Money Instructor

⏲ 4 minutes 24 seconds 👁 30.8K

Aasan solution

income tax computation fy 18-19, Income tax calculation sheet ay 19-20

⏲ 4 minutes 31 seconds 👁 623

A millennial boss lets her employees make their own schedule, wear what they want and treats them to private yacht trips. <br/><br/>Maddy Birdcage, 34, switched up how she ran her business after her company faced an $100,000 AUD tax debt she blames on her own micro-managing.<br/><br/>The mum-of-two fired half her employees and started from scratch again - hiring self-motivated problem solvers, she said.<br/><br/>She lets her team of nine bring their kids into the office during school holidays, set their own schedules and work from home when they need to.<br/><br/>Maddy also feels it it important to treat her staff and is planning to take them on a $40k AUD overnight yacht trip when they all hit a team goal.<br/><br/>The owner of marketing agency, Birdcage Marketing, says since making the changes her employees are \

Millennial boss lets her employees set their own schedules and bring their kids in

⏲ 2:57 👁 7.4M

CA Akshay Jain

Zero tax on salary upto Rs. 18 - 20 Lakhs| Income Tax| FY 2022-23

⏲ 13 minutes 2 seconds 👁 12.9K

Investing Done Right

18 lakh Income and ZERO Taxes | The Smart Ways to Save Income Tax

⏲ 14 minutes 58 seconds 👁 5.4K

Tax credits for energy-efficient home improvements are extended and expanded by the Inflation Reduction Act.

How To Save on Green Improvements Under Inflation Reduction Act

⏲ 2:28 👁 1.6M

FinCalC TV

Income Tax Calculation on Salary Payslip | How to Calculate Income Tax [Calculator]

⏲ 21 minutes 33 seconds 👁 48.3K

Money Purse { మనీ పర్స్ }

Old Tax VS New Tax ఏది Choose చేసుకోవడం Better Easy గా తెలుసుకోండి | With Free Income Tax Calculator

⏲ 10 minutes 58 seconds 👁 208.4K

Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<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.

Inside A $46 Million Renewable Energy Swindle

⏲ 15:41 👁 11.3M

FinCalC TV

Income Tax Calculation 2024-25 between ₹3 Lacs to ₹20 Lacs [SOLVED]

⏲ 14 minutes 57 seconds 👁 148.4K

Hindi video guru

Income Tax Calculation 2019-20 | Income Tax Slab 2019-20 | Income Tax kaise nikalte hai

⏲ 3 minutes 16 seconds 👁 12.5K

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