3.8 Medicare Tax Update

By David Myers 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 this new tax and want

Avoiding the 3.8% Medicare Tax on Self-Rental Income

By David Myers 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 generated when a