Project Description

IRS has issued final regs that provide guidance on the 3.8% surtax on investment income and gains imposed by Code §1411. This article (see PDF), the first of a multi-part series on the regs, addresses some general rules of applicability for Code §1411 and clarifies issues dealing with the computation of net investment income. IRS has also published proposed regs (¶ 27) on the 3.8% surtax contemporaneously with the final regs.

Download PDF of the article: CheckPoint – Final Regs of NIIT Part 1 – 12-2-13

Additional sources on the topic:

Office of Federal Register

Tax Law Roundup

IRS