By Keiter CPAs
The Internal Revenue Service has released the draft Form 8960. The purpose of this form is to compute the 3.8% net investment tax introduced in The Patient Protection and Affordable Care Act also commonly referred to as Obamacare. The Form’s instructions will be released at a later date. The net investment income tax cited in IRC Sec. 1411 affects individuals, estates, and trusts.
For more information on the net investment income tax, please contact your Keiter representative or information@keitercpa.com | 804.747.000.
About the Author
Keiter CPAs
Keiter CPAs is a certified public accounting firm serving the audit, tax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial services, construction, real estate, manufacturing, retail & distribution industries and nonprofits. We also provide business valuations and forensic accounting services, family office services, and inbound international services.
More Insights from Keiter CPAsThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
