Trusts and estates face a significant exposure to the new tax on net investment income under §1411 that many clients are not aware of. The low level of income at which the tax applies, the special rules applicable to these entities and this new tax are important issues for advisers to fully understand for both planning and compliance work.
Arizona Society of CPAs410 N. 44th St. Ste 205 Phoenix, AZ 85008
(602) 252-4144
membership@ascpa.com
JoinBenefitsLearn More
About UsTerms of Use