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IRS Quietly Changes Rule That Could Impact Your Children’s Inheritance

A financial strategy used by wealthy taxpayers to pass their assets on to their children, instead of throwing them in the lap of a nursing home has now become potentially less attractive. The Internal Revenue Service in March published Revenue Ruling 2023-2, which Kiplinger said has a “substantial impact on...

A financial strategy used by wealthy taxpayers to pass their assets on to their children, instead of throwing them in the lap of a nursing home has now become potentially less attractive. The Internal Revenue Service in March published Revenue Ruling 2023-2, which Kiplinger said has a “substantial impact on…

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