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At a Senate Finance Committee hearing prior to the Congressional recess, Sen. Bill Cassidy (R-LA) questioned IRS Commissioner Danny Werfel about efforts to capture fraud.<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
⏲ 7:44 👁 18.1M
Tax Law Guy
⏲ 20 minutes 32 seconds 👁 40.6K
TED
⏲ 18 minutes 7 seconds 👁 63.4K
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.
⏲ 1:29 👁 7.4M
iK0n
⏲ 54 seconds 👁 120K
CBS New York
⏲ 2 minutes 31 seconds 👁 1M
Taylor Kyles from CLNS Media is joined by Shrine Bowl Director of Football Ops and Player Personnel to discuss what Shrine Bowl participants Caedan Wallace, Marcellas Dial, and Deshaun Fenwick bring to the Patriots.<br/><br/>This episode of the Patriots Daily Podcast is brought to you by:<br/><br/>Prize Picks! Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Take the guesswork out of buying NBA tickets with Gametime. Download the Gametime app, create an account, and use code CLNS for $20 off your first purchase. Download Gametime today. Last minute tickets. Lowest Price. Guaranteed. Terms apply.<br/><br/>#Patriots #NFL #NewEnglandPatriots
⏲ 32:27 👁 38.5M
The Federalist Society
⏲ 3 minutes 35 seconds 👁 59.3K
Noel Lorenzana, CPA
⏲ 4 minutes 27 seconds 👁 9.5K
The list is out and this week, Lewis, Ben and John dissect the SPFL's best player and managers of the year.
⏲ 24:0 👁 9.6M
IRSMedic
⏲ 1 hour 10 minutes 13 seconds 👁 298
California Unemployment
⏲ 6 minutes 43 seconds 👁 5.5K
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