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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 👁 18.1M
CNBC Television
IBM misses on revenue, beats on EPS and margins
⏲ 1 minute 23 seconds 👁 879
CNBC Television
IBM reports mixed quarter, withdraws 2020 guidance in response to pandemic
⏲ 1 minute 12 seconds 👁 782
Applied Materials (AMAT) posted second quarter earnings per share of $2.09, coming in $0.10 above estimates, as well as revenue of $6.65 billion, topping the estimated $6.52 billion. Yahoo Finance Hosts Josh Lipton and Julie Hyman and Futurum Chief Market Strategist Cory Johnson discuss the company's earnings and what they mean for the artificial intelligence race. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl<br/>
What Applied Materials' Q2 earnings mean for chip industry
⏲ 4:5 👁 1.1M
AlphaStreet
IBM Stock | IBM Corporation Q2 2020 Earnings Conference Call
⏲ 1 hour 13 minutes 11 seconds 👁 72
Vox Markets
The Exchange with Neil Shah
⏲ 1 hour 18 minutes 31 seconds 👁 385
In an industry marked by fragmented, “one note” identity theft point solutions, Aura is blazing a trail by developing the first and only unified, integrated cybersecurity platform that provides bottom-to-top protection for employers and employees. Led by our best-in-class cybertheft protection tool – Identity Guard – our unparalleled suite of solutions empowers employees to take control of their identity and data privacy. In this webinar, we'll discuss:nn- Opportunities for you to genera
Meet Aura_ Revitalizing Cyber Wellness Benefits Through the Digital Halo
⏲ 27 min 11 sec ✓ 14-Feb-2020
The Ultimate Expedition
Clint Eastwood Finally Confirmed What We Thought All Along
⏲ 33 minutes 31 seconds 👁 19.6K
Logically Answered
Here’s How Powerful IBM Really Is
⏲ 13 minutes 37 seconds 👁 58K
Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<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/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<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<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil
⏲ 17:15 👁 8.9M
Schwab Network
IBM Is Not Growing Much, Will A.I. Help?
⏲ 5 minutes 15 seconds 👁 387
The Dispatch Podcasts
How Politicians are Ruining Our Economy w Ryan Bourne | The Remnant with Jonah Goldberg
⏲ 1 hour 18 minutes 35 seconds 👁 199
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