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Zaher Fallahi, CPA, Attorney At Law; Proposed Regulations Issued on Net Investment Income Tax

posted Dec 10, 2012, 1:07 PM by Zaher Fallahi

A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.