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…
