This week’s interview on Financial Insider Weekly is with attorney and CPA G. Scott Haislet. Our interview subject is "passive activities and real estate professionals".
Will you be subject to the new federal tax on net investment income?
This week’s interview on Financial Insider Weekly is with attorney and CPA G. Scott Haislet. Our interview subject is "The new federal tax on net investment income".
Health Care Act includes big Medicare Taxes for high income taxpayers
The most significant tax increase for high-income taxpayers, for Medicare taxes, will become effective in 2013. There will be an additional 0.9% Medicare tax on earned income exceeding $200,000 for single persons and $250,000 for married persons filing joint returns. In addition, at 3.8% Medicare tax will apply to certain UNEARNED income.