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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 👁 26.9M

Jason D. Knott

How to File Form 1041 for 2022

⏲ 29 minutes 37 seconds 👁 8.5K

Roy Kamida

Hawaii N-11 Tax Return, Part 1 (basic tax calculation)

⏲ 8 minutes 22 seconds 👁 1.1K

Shakira may be innocent of the tax fraud charges against her, as Spanish prosecutors are now asking a second investigation into the star be dropped.

Shakira’s Second Tax Fraud Probe Dropped

⏲ 1:4 👁 3.7M

Roy Kamida

Hawaii N-11 Tax Return, Part 2 (fed & HI differences)

⏲ 8 minutes 29 seconds 👁 375

Roy Kamida

Hawaii N-11 Tax Return, Part 3 (itemized deductions)

⏲ 9 minutes 5 seconds 👁 317

Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account.

What Is A Taxable Or Tax-Deferred Account?

⏲ 1:59 👁 15.9M

Roy Kamida

Hawaii N-11 Tax Return, Part 4 (tax credits)

⏲ 14 minutes 20 seconds 👁 248

WalterMartinSales

Hawaii Printable Tax Forms 2012 - Online Form N11 For Resident Taxpayers in Early 2013

⏲ 1 minute 49 seconds 👁 715

Justin and Hailey Bieber , Make Big Pregnancy Announcement.<br/>'E Online' reports that Hailey <br/>and Justin Bieber are expecting <br/>their first baby together. .<br/>The happy couple shared the <br/>news on Instagram on May 9.<br/>The Grammy winner and the Rhode Skin <br/>founder revealed the news with a video <br/>of their Hawaiian vow renewal. .<br/>The news comes almost six years <br/>after the couple wed at a New York City courthouse in September of 2018.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>The 'Love Yourself' singer first hinted at the couple's <br/>plans to start a family in October of 2019, posting <br/>a video of a father with his child, writing \

Justin and Hailey Bieber Make Big Pregnancy Announcement

⏲ 1:34 👁 1.5M

State of Hawaii Department of Taxation

How to: File your G45

⏲ 5 minutes 56 seconds 👁 10K

Hawaii Living

GET Hawaii - Easiest way to pay - part 1

⏲ 5 minutes 54 seconds 👁 7.3K

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