Description
Gain a better understanding on Medicare contribution tax on net investment incomes and who this tax applies to.Since 2013 many taxpayers have been affected by the net investment income tax. This topic will provide you with an understanding of the net investment income tax so you can determine which of your clients may be responsible for this additional tax. You will be able to better explain this tax at the end of the topic and understand its application to taxpayers.
Date: 2020-11-24 Start Time: End Time:
Learning Objectives
Overview of Medicare Tax on Net Investment Income
• Definition of Medicare Tax on Net Investment Income
• The Basics of What Income Can Be Assessed With the Medicare Tax
• Identifying the Applicable Tax Code Provisions
• Updates and Changes to the Application of the Medicare Tax on Net Investment Income
Determining in Detail as to Net Investment Income of Taxpayers Will Be Subject to Medicare Tax
• Application to Individuals
• The Effect on Trusts and Estates
• Issues That Arise With Passive Activities
Applying the Net Investment Income
• Examples of the Net Investment Tax
• What Does the Future Hold
• Planning Techniques Regarding the Net Investment Income Tax
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Robb A. Longman, Esq.-Longman & Van Grack, LLC
