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Editor Jill Buchanan talks us through the headlines from The Falkirk Herald.

Falkirk Herald Bulletin 16-05-24

⏲ 2:14 👁 56.4M

iMentor

Tax Codes Explained 2024 25 | You NEED To Know This

⏲ 6 minutes 46 seconds 👁 9.6K

Education u0026 Travel Guide

🔴 IRS TAX REFUND 2023IRS TRANSCRIPT CODE 150, 152, 766, 806, 971, 570, 810, 846, 420.

⏲ 3 minutes 11 seconds 👁 852

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 👁 18M

Common Sense Tax Info

The US Tax Code Explained

⏲ 1 minute 17 seconds 👁 175

Dollar Pro

What Does IRS Code 971 Mean

⏲ 5 minutes 16 seconds 👁 402

Independent Senator Jacqui Lambie has slammed the federal budget's $300 energy rebate and tax cuts announced by treasurer Jim Chalmers on Tuesday, May 14. Vision courtesy: ABC

'Gotta be joking me': Jacqui Lambie slams federal budget's cash splash

⏲ 0:53 👁 45.4M

LYFE Accounting

How to Write Off a Vehicle in 2024 (NEW Tax Code Changes)

⏲ 16 minutes 35 seconds 👁 90.8K

NPR

Why it's Hard to Simplify The U.S. Tax Code | Let's Talk | NPR

⏲ 1 minute 55 seconds 👁 4K

In October of 2023, thousands of debit and credit card users across the country experienced duplication in their payments that were made between the months of August and September of that year.<br/><br/><br/>At a Joint Select Committee on Finance and Legal Affairs held on Friday, TV6 News posed the question to the Bankers Association of T&T, as to exactly what caused the problem and what measures have been implemented to prevent it from reoccurring.<br/><br/>

CURRENCY CODE CAUSED CARD DUPLICATION

⏲ 1:31 👁 2.8M

HMRCgovuk

How does a tax code work?

⏲ 1 minute 56 seconds 👁 1.9K

All Things Random

2022 Challenger T A: 485 HP And My New Ride

⏲ 12 minutes 1 second 👁 6.9K

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