TSCPA’s Federal Tax Policy Committee plans to issue comments to the IRS on proposed rules that provide guidance under IRC section 1411 on the 3.8 percent tax on net investment income. The tax is effective for taxable years beginning after Dec. 31, 2012. The IRS published proposed reliance regulation on Dec. 5, 2012 (NPRM REG-130507-11). TSCPA is seeking input from members and other tax professionals. On or before Feb. 15, please reply here in the comments section or e-mail a detailed response of your concerns to firstname.lastname@example.org.
For more information: