February 6th, 2014 : Does the Investment Income Tax Apply to You?


Feb
6

Does the Investment Income Tax Apply to You?


Posted in Los Angeles Financial News by Admin


Does the Investment Income Tax Apply to You?

As of Jan. 1, 2013, there is a 3.8% net investment income tax on some categories of passive investment income for individuals, trusts and estates that exceed certain income thresholds. As a result, it is in your best interest to identify these income sources and adopt strategies to lower your modified adjusted gross income or your net investment income to avoid the surtax.

If you think the new tax may apply to you, we can explain your choices and help you pick the best strategy to mitigate your tax bill.

Tags: Los Angeles CPA, CPA Firm Los Angeles

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