Archive - January 2013
A Few Additional Thoughts on the Net Investment Income Tax
I spent some more time with the NIIT proposed regulations and I also reviewed quite a few alerts by reputable firms and articles by renowned tax practitioners. There are two buzz words that popped up in my NIIT adventures: “S-corporation” and “grouping activities.” It seems like practitioners are focused on these two elements in their tax planning pitches to potential clients looking to minimize NIIT. I have my doubts about carrying out any tax planning based on proposed regulations, considering that the regulations could change, and in the interim Treasury would have the...
January 25, 2013 read more