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During a House Appropriations Committee hearing on Tuesday, Rep. Ashley Hinson (R-IA) questioned Internal Revenue Service Commissioner Danny Werfel about the Employee Retention Credit.<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

‘What Is The Agency’s Expected Timeline?’: Ashley Hinson Questions IRS Commissioner On ERC Claims

⏲ 3:28 👁 4.6M

Chad Pavel

Single Member LLC Taxes, Estimates, and How to Pay Yourself (2022 Update!)

⏲ 24 minutes 15 seconds 👁 14K

LYFE Accounting

How to File Your Taxes as a LLC Owner in 2024 [Step-by-Step]

⏲ 9 minutes 49 seconds 👁 113.2K

During a House Appropriations Committee hearing on Tuesday, Rep. Sanford Bishop (D-GA) questioned Internal Revenue Service Commissioner Danny Werfel about the workforce of the IRS, using AI and speeding up paper returns.<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

Sanford Bishop Asks IRS Chief About Using Artificial Intelligence To ‘Crack Down On Tax Evasion’

⏲ 5:23 👁 1.7M

Logan Allec

The IRS Drained $7,000 From My Bank Account

⏲ 53 seconds 👁 754

Legacy Tax: "Home of the Levy King"

Filing Past Due Taxes.How Many Years WIll IRS Go On Unfiled Returns?

⏲ 5 minutes 49 seconds 👁 28.5K

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 👁 2.3M

Trendline Productions | from ITR Economics

By the Numbers | Starbucks Slump, Job Cuts, and Barriers to Chinese Imports

⏲ 18 minutes 14 seconds 👁 82

Nguyen CPAs

Quarterly Estimated Taxes - Why You SHOULDN'T Pay!

⏲ 9 minutes 3 seconds 👁 17.6K

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 👁 4.8M

Chad Pavel

How To Pay Yourself (And Taxes) in a Single Member LLC

⏲ 9 minutes 59 seconds 👁 166K

Doug Hathaway

How to Make a Payment to the IRS Online.UPDAT3D VIDEO:https:youtu.be nM_pbcWaTZs

⏲ 5 minutes 32 seconds 👁 40.7K

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