Below you will find timely news and information about DKC Certified Public Accountants and relevant tax planning and tax litigation updates.
How to Save the 3.8% Net Investment Income Tax on Certain Installment Sales
For taxpayers whose Adjusted Gross Income (AGI) exceeds a certain level, investment income is subject to Net Investment Income Tax (NIIT) of 3.8%. NIIT is reported on Form 8960. Investment income includes taxable income from interest, dividends, annuities, net gain or loss from disposal of property and other passive income.
Read More »