Category: Business Tax|Individual Tax|Retirement Planning

  • Q&A on the Net Investment Income Tax

    The IRS has released final regulations on the new Net Investment Income Tax (NIIT) that took effect on Jan 1, 2013.  The 3.8% tax applies to certain net investment income of individuals, estates, and trusts that have income above certain threshold amounts. A newly compiled Q&A page on the NIIT is available on the IRS website,…