Trusts and estates are subject to new net investment income tax

05/26/2013 | Tax Adviser, The

The 3.8% tax on net investment income applies to most trusts and estates, starting this year. And tax practitioners need to be aware that the tax's threshold for trusts and estates is much lower than for individuals (just $11,950 for 2013). This article discusses the workings of the net investment income tax and how practitioners can help trust and estate clients plan around it.

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Tax Adviser, The

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