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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 👁 6.3M

HMRCgovuk

How do I update my details online if my tax code is wrong?

⏲ 2 minutes 25 seconds 👁 15K

abcqanda

Manufacturing In Australia | Q+A

⏲ 10 minutes 2 seconds 👁 360

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 👁 4.1M

As the Magpie Flies

Visiting Every State in the US on a Motorcycle

⏲ 30 minutes 39 seconds 👁 3.6K

Codie Sanchez

Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]

⏲ 20 minutes 55 seconds 👁 393.3K

The Reds are in the midst of a tough 31-game stretch against teams projected to contend for the postseason. The bats haven't quite come around in total but the pitching is showing very impressive signs. What will it take for the Reds to continue their push toward contending status? Trags chats with Bally Sports Ohio host of \

Trags chats up Brian Giesenschlag On Reds bullpen, starters and character | Code Reds

⏲ 44:24 👁 2.4M

WCNC

Millions of Americans still waiting on delayed tax refunds. Here's why

⏲ 2 minutes 8 seconds 👁 3.5K

PlanetSail

New Cup Boats , Records and Drama Downunder - OnCourse Ep 31

⏲ 43 minutes 20 seconds 👁 25.3K

During a House Ways and Means Committee hearing Tuesday, Rep. Drew Ferguson (R-GA) spoke about tax credits.<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

'The Math Doesn't Add Up': Drew Ferguson Presses Janet Yellen On Biden's 'Green Energy' Tax Credits

⏲ 5:9 👁 9M

Cleanerwatt

2024 Tesla Model 3 Performance vs Plaid Model S | Don’t Make a Mistake!

⏲ 10 minutes 57 seconds 👁 8.8K

Medics Money

UK Tax Changes for 2024 25: What NHS Workers Must Know

⏲ 12 minutes 13 seconds 👁 641

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