In a letter to the Internal Revenue Service, Jeffrey Porter, chair of the AICPA's Tax Executive Committee, detailed the AICPA's recommendations for making the new 3.8% tax on net investment income more workable. The comments, in response to last December's proposed regulations, cover a wide variety of issues, including what constitutes a trade or business, activity grouping under Sec. 469, and what is gross income subject to the tax. The AICPA recommends a simplified method for calculating the tax and a safe harbor to reduce taxpayers' compliance burdens.

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