Robert Keebler and Laura Peebles conduct a net investment income tax (NIIT) question and answer panel discussion with David Kirk, one of the principal authors of the income tax regulations under IRA Section 1411 (the NIIT).
Following some introductory questions on Section 1411, the regulations thereunder and Form 8960, the questions will focus on some of the “hot topic” areas of the NIIT.
These “hot topic” questions include: self-rentals, regrouping, real estate professionals, deduction recoveries, the section 67 and 68 limitations on deductions, and loss deductions.
The Q&A will conclude with some helpful tips for NIIT compliance; including, workpapers, file retention, and what to look for next.
CPA/PFS, MST, AEP (Distinguished), CGMA ,
Keebler and Associates, LLP
CPA/PFS, J.D., LL.M (Taxation),
National Tax Partner,
Ernst & Young LLP