New draft IRS Form 8960, Net Investment Income Tax, answers some questions, but leaves others unanswered

Private Company Services Tax Insight

The IRS recently released a draft of Form 8960, Net Investment Income Tax. The form answers some questions about the 3.8% tax on net investment income received by individuals, trusts, and estates, but leaves others unanswered. As a result, taxpayers will need to continue to rely on Section 1411, and the proposed regulations issued in late 2012, for important details about how to file their 2013 federal estimated tax payments.



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