3.8% Medicare Tax

Obamacare Taxes, And Sales Of Partnership And Subchapter ‘S’ Interests

by Charles (Chuck) Rubin on 2/4/2013

Have you given any thought to how Obamacare’s new 3.8% tax on investment income and gains will apply to sales of interests in partnerships and Subchapter S corporations? No, I didn’t think so....more

Real Estate Professionals Navigating The New 3.8% Medicare Tax

by Richard Goldstein, Joshua Kaplan | Bilzin Sumberg Baena Price & Axelrod LLP on 2/1/2013

With a new year comes a new beginning. While New Year’s Day is typically viewed as a chance to start fresh and make changes in our personal lives, for many people New Year’s Day in 2013 took a different tone. Instead of...more

What To Expect From The Affordable Care Act In 2013

by Thomas Ferrante Jr., Linda Fleming | Carlton Fields on 1/16/2013

On March 23, 2010, President Obama signed into law the health care reform bill, the Patient Protection and Affordable Care Act. This legislation, along with the Health Care and Education Reconciliation Act of 2010, makes...more

Recent tax law changes of 2013

by Sheppard Mullin Richter & Hampton LLP on 1/15/2013

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 into law. Summarized below are highlights of those and other changes to Federal tax laws affecting income, payroll, gift and estate, and...more

Wheel Of Pain

by Charles (Chuck) Rubin on 1/14/2013

U.S. wage earners are feeling the pain this week as they receive smaller paychecks due to the elimination of a 2% tax break on social welfare taxes under the recent tax act. A new 3.8% tax is also imposed on the investment...more

President Obama Signs "Fiscal Cliff" Legislation into Law

by Edward Beckwith, John Lehrer II, Michael Nydegger, Jeffrey Paravano, Edward Ptaszek, Jr., Paul Schmidt, Christopher Swift, William J. Weber | BakerHostetler on 1/4/2013

As you likely have heard, the President signed the American Taxpayer Relief Act (H.R. 8) (the "Act") on January 2, 2013. The Act, popularly known as the "fiscal cliff" legislation, permanently extends the Bush era tax cuts...more

Fiscal Cliff Deal Extends $5 Million Estate and Gift Tax Credit and Generation-Skipping Transfer Tax Exemption, but Increases Tax...

by Laura Zwicker | Greenberg Glusker Fields Claman & Machtinger... on 1/4/2013

The bill passed by Congress on January 1, 2013, to avoid the “fiscal cliff,” which is expected to be signed into law by President Obama shortly, permanently extends the favorable gift, estate and generation-skipping transfer...more

Obamacare – Will the New Taxes Impact Me?

by Brendan Lund | Carr, McClellan, Ingersoll, Thompson & Horn -... on 1/2/2013

Political debate for the past two years has focused on the future of the Patient Protection and Affordable Care Act, more recently called “Obamacare,” and the taxes enacted by Congress to help pay for it. With the national...more

2013 Brings New Taxes to High Income Taxpayers

by Jonathan R. Flora | Schnader Harrison Segal & Lewis LLP on 12/28/2012

The Patient Protection and Affordable Care Act (sometimes called “Obamacare”) comes with two new taxes for higher income taxpayers beginning on January 1, 2013: (i) a 3.8 percent Medicare contribution tax on net investment...more

Perspectives - Fall 2012 | Volume 3, Edition 2: An Executive Compensation, Benefits & Human Resources Law Update

by Bradley A. Benedict, Ana N. Damonte, Sarah A. Good, Peter J. Hunt, Mark Jones, Scott E. Landau, Cindy V. Schlaefer | Pillsbury Winthrop Shaw Pittman LLP on 12/13/2012

In This Edition: - Year-end Deadline for Correcting Section 409A Deferred Compensation Arrangements That Condition Payment on an Employee Release or Covenant: By December 31, 2012, all deferred compensation...more

The Season of Giving: The “Fiscal Cliff” Coming to the Estate and Gift Tax Laws #EstatePlanningAttorney

by Kenneth C. Barney | Rowley Chapman & Barney, Ltd. on 12/10/2012

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“2010 Act”), was signed into law by President Obama on December 17, 2010. This Act provided a two year fix to the existing estate and gift...more

IRS Releases Guidance For Employers and Others on the 2013 Medicare Taxes under the Affordable Care Act

by Stacy H. Barrow, Paul M. Hamburger, Peter J. Marathas Jr, James R. Napoli | Proskauer Rose LLP on 12/10/2012

On November 30, 2012, the Internal Revenue Service ("IRS") released proposed regulations and two sets of frequently asked questions implementing two new Medicare taxes under the Patient Protection and Affordable Care Act...more

Tax Questions to Ask Yourself with the End of 2012 and the Fiscal Cliff Approaching [Video]

by LXBN on 12/3/2012

I'm sure there are people out there who, as we hit December, are saying to themselves, "Gee, this year really going by slowly—should be Spring 2013 already," but for the rest of us—the end of the year is rapidly approaching....more

Consider Taking Advantage of Opportunities in 2012 – Your Taxes May Rise in 2013

by The Law Offices of Marc J. Lane, a... on 12/1/2012

As of this writing, it’s difficult to speculate as to what U.S. income tax rates will be in the year 2013. This has become especially apparent due to the effect of the so-called “fiscal cliff” and the results of the November...more

2013 Expiring and Changing Employee Tax Provisions

by Jacob Mattinson, Diane M. Morgenthaler, Ruth Wimer | McDermott Will & Emery on 11/28/2012

With the fiscal cliff approaching in 2013, several favorable tax provisions affecting individuals and businesses are set to expire. Given this uncertainty, employers must prepare for changing payroll taxes and new limits on...more

Post-Election 2012 Tax Planning Alert: Practical Tax Planning Tips for You, Your Family and Your Business

by Duane Morris LLP on 11/27/2012

This Alert is designed to offer easy to understand and easy to implement year-end tax strategies in times of incredible tax uncertainty. This Alert is also designed to stimulate thought and inspire action during one of the...more

McNees Insights - Fall 2012

by Vance E. Antonacci, Scott Alan Mitchell, David M. Watts, Jr. | McNees Wallace & Nurick LLC on 11/15/2012

In This Issue: Year-End Tax Planning - Year-end planning is a bigger challenge this year than in past years because, unless Congress acts, tax rates will go up next year, many more individuals will be snared by...more

Preparing for the 3.8% Medicare Surtax on Net Investment Income

by Neal A. Hudders, Mel Wheaton | Perkins Coie on 11/14/2012

The Patient Protection and Affordable Care Act of 2010 (Affordable Care Act) institutes a new 3.8 percent Medicare surtax on net investment income effective January 1, 2013. In addition, absent congressional action to extend...more

New 3.8% Medicare Tax on Investment and Unearned Income Beginning in 2013

by Thompson Coburn LLP on 11/14/2012

Starting January 1, 2013, a new 3.8% Medicare tax will apply to the investment and “unearned income” of individuals, trusts and estates. The tax is intended to apply to income exempt from the regular FICA or self-employment...more

Rappelling Down the Fiscal Cliff – Strategies for Cushioning the Fall – Part II

by Gerald Nowotny on 11/14/2012

A. Overview - Part I of this series focused on the impact of impending tax increases following the Presidential Election for corporate executives and salaried professionals. Part II of the series will focus on...more

Rappelling Down the Fiscal Cliff – Strategies for Cushioning the Fall – Part I

by Gerald Nowotny on 11/9/2012

Ready, set, go! Following the Presidential election last night, the race is on for year-end tax planning and bracing for the fall off the fiscal cliff. While no one can tell exactly what the tax outcome will be after...more

The Dynasty Annuity — Multi-Generational Tax Deferral for High-Net-Worth Families

by Gerald Nowotny on 11/5/2012

Originally published in Tax Management Estates, Gifts, and Trusts Journal, x, 11/08/2012. OVERVIEW - The current tax environment suffers from a lot of economic and political uncertainty. The general consensus...more

IRS Guidance on Additional Medicare Tax

by Morgan Lewis on 10/11/2012

As the effective date for the tax increase approaches, employers and payroll service providers should evaluate their obligations and prepare policies for compliance. In June, the Internal Revenue Service (IRS) issued...more

The Importance of 2012 Year-End Tax Planning for Individuals

by Jackson Walker on 10/8/2012

The end of 2012 may bring unexpected and adverse changes formany taxpayers due to the scheduled December 31, 2012, expiration of a number of tax cuts. Because most of these tax cuts have been in effect since 2001, many...more

You May Owe Additional Medicare Taxes in 2013

by Jaburg Wilk on 10/4/2012

Health care reform creates new taxes, which you may be unaware of and yet still liable for. In 2012, there is a new tax imposed under the 2010 Health Care Act, as amended by the 2010 Health Care Reconciliation Act. This new...more

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Obamacare Taxes, And Sales Of Partnership And Subchapter ‘S’ Interests

Real Estate Professionals Navigating The New 3.8% Medicare Tax

What To Expect From The Affordable Care Act In 2013

Recent tax law changes of 2013

Wheel Of Pain

President Obama Signs "Fiscal Cliff" Legislation into Law

Fiscal Cliff Deal Extends $5 Million Estate and Gift Tax Credit and Generation-Skipping Transfer Tax Exemption, but Increases Tax...

Obamacare – Will the New Taxes Impact Me?

2013 Brings New Taxes to High Income Taxpayers

Perspectives - Fall 2012 | Volume 3, Edition 2: An Executive Compensation, Benefits & Human Resources Law Update

The Season of Giving: The “Fiscal Cliff” Coming to the Estate and Gift Tax Laws #EstatePlanningAttorney

IRS Releases Guidance For Employers and Others on the 2013 Medicare Taxes under the Affordable Care Act

Tax Questions to Ask Yourself with the End of 2012 and the Fiscal Cliff Approaching [Video]

Consider Taking Advantage of Opportunities in 2012 – Your Taxes May Rise in 2013

2013 Expiring and Changing Employee Tax Provisions

Post-Election 2012 Tax Planning Alert: Practical Tax Planning Tips for You, Your Family and Your Business

McNees Insights - Fall 2012

Preparing for the 3.8% Medicare Surtax on Net Investment Income

New 3.8% Medicare Tax on Investment and Unearned Income Beginning in 2013

Rappelling Down the Fiscal Cliff – Strategies for Cushioning the Fall – Part II

Rappelling Down the Fiscal Cliff – Strategies for Cushioning the Fall – Part I

The Dynasty Annuity — Multi-Generational Tax Deferral for High-Net-Worth Families

IRS Guidance on Additional Medicare Tax

The Importance of 2012 Year-End Tax Planning for Individuals

You May Owe Additional Medicare Taxes in 2013

Tax Questions to Ask Yourself with the End of 2012 and the Fiscal Cliff Approaching [Video]

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