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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 👁 9.3M
Thomas Maxon
New Mexico Medicaid Phone Number - How To Reach A Live Person
⏲ 1 minute 4 seconds 👁 7
Houston Case Managers
How To Call The Medicaid Phone Number In Your State
⏲ 5 minutes 51 seconds 👁 229
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 👁 4.5M
KOAT
VIDEO: Medicaid Births in NM
⏲ 2 minutes 12 seconds 👁 142
Nevada Department of Health and Human Services
Nevada Medicaid App Overview
⏲ 29 minutes 44 seconds 👁 1.4K
During House floor remarks on Tuesday, Rep. Teresa Leger Fernandez (D-NM) spoke about Democrats’ actions to combat antisemitism and bills related to natural resources.<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
Teresa Leger Fernandez Calls Out GOP For ‘Turning The Clock Back’ On Environmental Protections
⏲ 3:18 👁 735K
NH Department of Health and Human Services
Medicaid Provider Enrollment Training
⏲ 1 hour 54 minutes 4 seconds 👁 7.5K
60 Minutes
Billion-dollar fraud and Ponzi schemes | 60 Minutes Full Episodes
⏲ 56 minutes 50 seconds 👁 885K
The new CLE 53 4MATIC+ Cabriolet now joins the SL Roadster as the second model from Mercedes-AMG for open-top driving fun. With its extensive standard equipment, spacious interior and comfort features including AIRCAP® or AIRSCARF®, the four-seater is fully suitable for year-round driving. The 3.0-litre in-line six-cylinder engine with twin turbocharging has an output of 330 kW (449 hp) thanks to its exhaust turbocharger and additional electric compressor. The engine has a maximum torque of 560 Nm (600 Nm in overboost for up to 10 seconds). The integrated starter generator briefly provides an additional 17 kW (23 hp) of boost power and 205 Nm of torque. It also feeds the 48-volt electrical system. Other technical features of the new model include the AMG SPEEDSHIFT TCT 9G transmission, fully variable all-wheel drive AMG Performance 4MATIC+ and active rear-axle steering.<br/><br/>Numerous AMG-specific features make the car’s body design stand out. AMG’s signature A-shaped radiator grille and the sharp, slender lines of the full-LED headlights create a look that is characteristic of the brand. DIGITAL LIGHT headlights with and without projection function are available as optional equipment. They feature daytime running light ellipses and blue illumination at the base of the headlights, which further enhances the car’s dynamic appearance. The striking front skirt rises in the centre to form an A-shape (‘A-Wing’) that accommodates a large air intake for increased air flow.The same applies to the outer air intakes with two horizontal fins.<br/>Elegantly formed edges add structure to the profile. Meanwhile, flared front and rear wheel arches, a wide track (+58 millimetres at the front, +75 millimetres at the rear compared to the Mercedes-Benz model) and 19-inch wheels lend the new AMG Cabriolet a powerful appearance. Optional 20-inch wheels are also available.
The new Mercedes-AMG CLE 53 4MATIC+ Cabriolet - Open-Air fun meets performance
⏲ 2:10 👁 150K
LastWeekTonight
Medicaid: Last Week Tonight with John Oliver (HBO)
⏲ 28 minutes 13 seconds 👁 1.4M
theehomeschooldad
HOW MUCH DOES MEDICAID PAY NEMT BUSINESSES FOR SERVICES
⏲ 14 minutes 17 seconds 👁 14.3K
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