IRS Gives High-Income Taxpayers a Break on New 3.8% Tax
Posted by William Byrnes on January 2, 2014
The IRS has finally given high-income taxpayers a break with the release of the final regulations governing the new 3.8% tax on net investment income.
These final rules mark a dramatic shift from the IRS’s previous position. By adding flexibility to the rules, the IRS’s unanticipated amendments ease the sting of the investment income tax.
Read Professor Robert Bloink and William Byrnes’ analysis of the shift in the IRS’ position at > Think Advisor <
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Court Approves New Planning Techniques Court untangles investment income tax trap for trusts « Tax and Financial Planning articles said
[…] Also see previous planning analysis at https://profwilliambyrnes.com/2014/01/02/irs-gives-high-income-taxpayers-a-break-on-new-3-8-tax/ […]
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Getting Married – How Must I Include the IRS In My Wedding Plans? « Tax and Financial Planning articles said
[…] No, the taxpayer does not need to send a wedding invitation to the closest IRS office. But a 2014 marriage results in changes to the new married “couple’s” 2014 tax filing and possibly amount owed in tax for 2014. Whether the couple will owe more in tax each year, including the year of marriage, over that of the combined amount of each individual’s tax due, depends on several factors, such as whether both spouses have income and how much that income is. In general, a married couple, when both spouses are employed, pay more income tax than if they remained single and filed individual tax returns. Also, the married couple may owe, and may owe more, of the additional 3.8% Net Investment Income Tax. […]
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Ian Leaf said
Ian Leaf
IRS Gives High-Income Taxpayers a Break on New 3.8% Tax « Byrnes’ Tax & Wealth Management Blog
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