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The IRS has quietly changed the rules around taxes on inheritances, putting Americans in danger of being caught out if they try to transfer assets to their children. 

The agency has curbed the tax break on a particular kind of trust often used to minimize estate taxes.

In the last decade, more families have begun utilizing 'irrevocable' trusts - that allow Americans to protect their assets and avoid a lengthy probate process when a relative dies.

Prior to the new instruction, it was unclear what the tax policies were around assets passing to beneficiaries through an irrevocable trust.

But the Revenue Ruling 2023-2 has confirmed that these trusts will now be subject to capital gains tax, which will have a substantial impact on estate planning for Americans. 

read more:

https://www.dailymail.co.uk/news/article-12267033/IRS-quietly-changes-rule-childrens-inheritance-taxed.html

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  • The goal of these tyrants is convert the US of A into a communist state composed of 3 classes: 1. The elite bosses; 2. The bureaucrats (elite bosses in waiting; and 3. A couple billion serfs/slaves.

  • I hope the IRS gets defunded ASAP! This new rule should be outlawed! They are dirty bastards

    • Look for the LOOPHOLE! The lawyer-lawmakers ALWAYS  write one (or more) into the law. By the way a rule is not a law; so that might be the loophole.

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