By Michael Gracik, Jr., CPA, Director
In this issue of the Business Mondays video, Mike Gracik of Keiter talks with Renee Fisher of VACO about what it's like to work at the largest accounting firm in Richmond. He explains that the tax code for real estate and investment clients has become “a real mess,” and without proper planning clients could take a bigger hit than they need to. For instance, the fact that the 3.8% surtax on net investment income also applies to income from real estate – and capital gains from the sale of real estate – took many people by surprise. Mike shares how clients can put a plan in place to minimize this and other tax increases, such as a one-time-only chance in 2013 for investors to restructure holdings. View Video: http://youtu.be/eweiSVUf140
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