3.8 Medicare Tax Update

September 1, 2013

By Employee Benefits and Executive Compensation Practice Group In an article published earlier this year, we discussed the new 3.8% Medicare tax, or Net Investment Income Tax (“NIIT”), and recommended taxpayers evaluate the need to amend lease agreements and make the grouping election under IRC section 469. We have received a number of inquiries regarding …

Avoiding the 3.8% Medicare Tax on Self-Rental Income

June 1, 2013

By Business & Taxation Practice Group For those of you who don’t have the opportunity to read the tax code like I do, you may not know that the federal government has imposed a new 3.8% Medicare tax on certain investment income. Absent some up-front planning, this tax can apply to rental income that is …