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Carvana shares soared over 30% in after-hours trading after reporting first-quarter revenue of more than a billion, beating analyst estimates. The company forecast a sequential rise in adjusted core profit and retail unit sales growth, surprising analysts who expected a sales decline. Adjusted earnings before interest, tax, depreciation, and amortization were more than $200 million, exceeding estimates. Carvana's inventory of unsold used vehicles on dealer lots rose 9% from a year ago. High interest rates have pushed some consumers to the used car market for better deals than new vehicles.

Carvana Reports Stellar Q1 Results, as High Interest Rates Push Buyers to the Used Car Market. Shares Soar 30%.

⏲ 0:35 👁 4.9M

Fundera by NerdWallet

How to Fill out IRS Form 940 (FUTA Tax Return)

⏲ 11 minutes 42 seconds 👁 32.3K

GetPayroll

A Brief Guide to the Federal Unemployment Tax Act - Lessons in Payroll with Charles Read

⏲ 5 minutes 2 seconds 👁 5K

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

Rex Jacobsen

Calculating Employer Payroll Taxes

⏲ 8 minutes 23 seconds 👁 7K

123PayStubs

Federal Unemployment Tax Act (FUTA) Taxes | FUTA Tax Rate for 2020

⏲ 1 minute 54 seconds 👁 598

NatWest Group has become the latest high street bank to report lower profits, after earnings soared in 2023 on the back of higher interest rates. The group revealed an operating pre-tax profit of £1.3bn over the first three months of the year, down from £1.8bn the previous year.

NatWest becomes latest high street bank to report lower profits

⏲ 1:1 👁 88.7M

Teach Me! Personal Finance

IRS Schedule H walkthrough (Household Employment Taxes)

⏲ 33 minutes 45 seconds 👁 2.1K

Mark Otus

Federal Unemployment Tax Act

⏲ 15 seconds 👁 2.7K

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 👁 3.8M

How To Guys

$1,400 Stimulus Check Update: Yes, it is Happening? (Congress Debate)

⏲ 9 minutes 28 seconds 👁 174

Graham Stephan

STOP PAYING TAX | New URGENT IRS Rule In 2022

⏲ 10 minutes 40 seconds 👁 224.6K

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