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Tax Planning After the Healthcare Surtax: Tools, Tips, and Tactics

Author: Robert S. Keebler, CPA, MST, AEP (Distinguished)
Stephen J. Bigge, CPA, CSEP
Michelle J. Ward, JD, LLM, CSEP
Peter J. Melcher, MBA, JD, LLM
Christopher W. Schuler, MBA
Publisher: AICPA
Availability: Online Access
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The Medicare net investment income tax (NIIT) will affect your clients this year and beyond. The NIIT applies a rate of 3.8% to certain net investment income of individuals, estates and trusts. But, there are things that you can do to protect your clients’ interests and mitigate the effects that the surtax has on your clients and their estates.

Tax Planning After the Healthcare Surtax analyzes and explains:

  • Application of the 3.8% surtax to business entities
  • Application of the 3.8% to real estate including the self-rental provisions
  • The difference between real estate professionals and real estate provisions in the trade or business of real estate
  • The new 3.8% tax on estate and trust income over $12,000 and what to do about it
  • Gains on funding trusts and estates
  • Timing of trust and estate distributions
  • Proper investments to avoid the surtax
  • Income shifting, installment sales, charitable remainder trusts, charitable lead trusts and more!

In addition to an explanation of the issues, Tax Planning After the Healthcare Surtax provides a variety of tools, including:

  • Client letters for the following situations
    • Individual clients
    • Estates and trusts
  • Checklists for the following situations
    • Individual checklist
    • Estate and trust checklist
  • PowerPoints
    • Individual clients – overview of the surtax including quantitative examples
    • Estates and trusts – teaching clients about the surtax
  • Charts and flowcharts
    • Healthcare chart with examples and summary of the law
    • Healthcare flowchart to test and planning for the surtax
  • A downloadable (PDF) book packed with citations, explanations and examples.
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Tax Planning After the Healthcare Surtax: Tools, Tips, and Tactics
Download 2015
Product# PTX1407M
Availability: Online Access
AICPA Member:$59.00
Your Price:$73.75
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