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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.
⏲ 1:4 👁 7.7M
Travis Sickle
⏲ 4 minutes 48 seconds 👁 62.1K
11Alive
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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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Moving to Georgia
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Jason D. Knott
⏲ 13 minutes 25 seconds 👁 891
At a campaign rally in Freeland, Michigan, on Wednesday, former President Trump slammed President Biden over inflation.<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
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The Untold Tapes
⏲ 2 minutes 👁 250
Municipal Property Assessment Corporation
⏲ 2 minutes 41 seconds 👁 102.9K
House Speaker Mike Johnson (R-LA) spoke to the press on Wednesday after Rep. Marjorie Taylor Greene (R-GA) effort to oust him failed. <br/>
⏲ 3:34 👁 361.3M
11Alive
⏲ 1 minute 54 seconds 👁 1.1K
Nomad Capitalist
⏲ 8 minutes 32 seconds 👁 25.3K
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