With the imposition of a new 3.8% “net investment income tax” (the “NIIT”) pursuant to Section 1411 of the Internal Revenue Code of 1986, as amended (the “Code”) on passive income and the imposition of an additional .9% on...more
3/7/2013 - Fund Managers Net Investment Income Self-Employment Tax
On January 1, 2013, the Senate and the House of Representatives passed the American Taxpayer Relief Act of 2012 (“ATRA”), averting the so-called “fiscal cliff.” The legislation, which was signed by President Obama, extends...more
1/7/2013 - American Taxpayer Relief Act Clean Tech Electricity Fiscal Cliff Production Tax Credit Renewable Energy Sequestration Wind Power
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