Medicare Contribution Tax on Net Investment Income
1 hour 30 minutes
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.
• You will be able to define Medicare tax on net investment income.
• You will be able to discuss to whom the Medicare tax on net investment income applies.
• You will be able to identify the issues that arise with passive activities.
• You will be able to recognize how to apply the net investment income.