Guidance issued on next year's 3.8% net investment income tax

12/5/2012 | JournalofAccountancy.com

The Internal Revenue Service has issued proposed regulations setting forth rules and guidance on the 3.8% tax on net investment income that is scheduled to take effect on Jan. 1. Taxpayers can rely on the proposed rules for purposes of complying with the tax. The IRS also posted FAQs on its website explaining how the tax works.

View Full Article in:

JournalofAccountancy.com

Published in Brief: