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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
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How To Calculate Capital Gains Tax On Investments
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'We Call It The Biden Inflation Tax': Trump Hits Biden Over The Economy
⏲ 4:5 👁 30.6M
'You Know That's Not Accurate': Ben Cline Pushes Back On HHS Official's Claims
⏲ 5:10 👁 3.1M
Why AI Is Having Its Moment Right Now
⏲ 24:50 👁 52.9M
Moscow Attacked: Putin's Response Imminent After Russian Capital Rocked By Ukraine's Drone Attacks
⏲ 3:30 👁 5.7M
John Barrasso: 'The American People Are Paying The Painful Price Of This Climate Obsession'
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Dr. Gallin: This Is How University Administrators Should Have Responded To Pro-Palestine Protests
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How Will AI Affect The Financial Industry?
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Terrifying Video Of Boeing 777 Ablaze When Plane Skids Off On Senegal Runway | Watch
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The all-new Ferrari 12Cilindri Design in Red
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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_how-to-calculate-capital-gains-tax-on-investments.webp "Sasha Yanshin")
_39we-call-it-the-biden-inflation-tax39-trump-hits-biden-over-the-economy.webp "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")
_39you-know-that39s-not-accurate39-ben-cline-pushes-back-on-hhs-official39s-claims.webp "During a House Judiciary Committee hearing on Tuesday, Rep. Ben Cline (R-VA) questioned HHS Assistant Secretary Melanie Egorin about the department's cooperation with Congressional subpoenas.<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")
_why-ai-is-having-its-moment-right-now.webp "It feels like overnight, everyone was talking about artificial intelligence. But why? This panel of industry insiders at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit breaks down what factors made this moment in AI happen<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.")
_moscow-attacked-putin39s-response-imminent-after-russian-capital-rocked-by-ukraine39s-drone-attacks.webp "Moscow's Mayor Sobyanin revealed a Ukrainian attempt to attack with a drone, intercepted near the city. No harm was reported. An air raid alert was sounded in Belgorod following an earlier attack, with Kursk also on alert. The Russian Defense Ministry hasn't provided full details. This reflects the escalating tensions amid increased drone and artillery attacks on Russia by Ukraine. <br/> <br/>#Moscownews#Moscow #Moscowattack #DroneAttack #Ukrainenews #Belgorod #RussianDefenseMinistry #MoscowDroneAttack#RussiaUkraine #Putin #news #Oneinda #Oneindia news")
_john-barrasso-39the-american-people-are-paying-the-painful-price-of-this-climate-obsession39.webp "At a Senate Republican press briefing on Wednesday, Sen. John Barrasso (R-WY) spoke about energy production in the United States. <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")
_dr-gallin-this-is-how-university-administrators-should-have-responded-to-pro-palestine-protests.webp "Dr. Stacy Gallin joined Brittany Lewis on \")
_how-will-ai-affect-the-financial-industry.webp "Representatives from Wex, Home Trust and Wells Fargo sat down at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit to talk about how AI has impacted the the financial industry on the business and retail side.<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.")
_terrifying-video-of-boeing-777-ablaze-when-plane-skids-off-on-senegal-runway-124-watch.webp "A Boeing 737 aircraft carrying 85 passengers skidded off the runway at Dakar Airport, Senegal's capital, resulting in 10 injuries, as reported by the transport minister. Disturbing footage shared by a passenger, Malian musician Cheick Siriman Sissoko, depicted the aircraft ablaze with passengers evacuating via emergency slides. Transport Minister El Malick Ndiaye confirmed that the Air Senegal flight, operated by TransAir, was en route to Bamako, Mali, with 79 passengers, two pilots, and four cabin crew aboard late Wednesday. <br/> <br/> <br/>#Boeing737 #SenegalPlaneFire #RunwaySkid #AviationDisaster #EmergencyLanding #PlaneAccident #SenegalAirport #SafetyAlert #PassengerSafety #AviationSafety<br/>~HT.178~PR.152~ED.103~GR.121~")
_the-all-new-ferrari-12cilindri-design-in-red.webp "Very few associations can exhilarate and delight like the union between a naturally-aspirated V12 Ferrari engine and open-top motoring: the Ferrari 12Cilindri Spider, unveiled today at an exclusive event hosted at Miami Beach, fuses these two very special sensations in a two-seater berlinetta spider powered by Ferrari’s iconic twelve-cylinder engine. This iteration of the V12 delivers 830 cv and keeps revving right up to 9500 rpm, offering the driver and passenger an even more exclusive open-air driving experience. <br/><br/>The concept giving shape to the Ferrari 12Cilindri Spider draws inspiration from open-topped Ferrari Gran Turismo models of the 1950s and ‘60s, which combined the unmatched performance of a road-going racing car with the unique opportunity to revel in the sound of the 12-cylinder engine with the roof down, and extraordinary long-distance driving comfort. The design of the car makes a break from the recent canons of the Ferrari two-seater berlinetta spider genre, eschewing muscularity and sensuality in favour of a more futuristic language founded on formal purity with only the barest hint of a typically automotive visual lexicon. <br/><br/>The Ferrari 12Cilindri Spider is intended for both connoisseurs of the marque with a clear vision of what Ferrari has stood for in the motoring world since 1947, and newer Ferraristi who dream of a car that lets them combine unmatched driving thrills with comfort and Italian design – and the possibility of enjoying the wind in their hair. This truly is a car for the few. <br/><br/>The F140HD engine equipping the Ferrari 12Cilindri Spider is the new version of the iconic naturally-aspirated Ferrari V12, the purest expression of Ferrari’s soul: its peerless performance, powerful soundtrack and exclusivity make it the worthy heir to the legendary berlinetta sports cars that wrote some of the most glittering chapters in the marque’s history. The engine can unleash up to 830 cv while its max revs have been increased to 9500 rpm thanks to the adoption of innovative solutions. <br/><br/>The engine features modified components and software, some of which were already adopted on the open-top special series 812 Competizione A, ensuring it tops its category in terms of performance. To allow the V12 to rev so high, the engineers worked to reduce the weight and inertia of the engine’s components, adopting titanium con rods, which guarantee a saving of 40% in rotating mass compared to steel with the same mechanical resistance. A different aluminium alloy was used for the pistons, making them lighter than on previous applications. Further weight reduction was gained by the adoption of a rebalanced crankshaft which is 3% lighter.")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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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