How to Take Action Now to Avoid an Additional 3.8% Tax Hit

Free Gray, Gray & Gray “Active vs. Passive Business Ownership” Webinar
Tuesday, January 8, 2013
2:00pm EST

Join us for this informative session, presented by GG&G Partner Michael D. Koppel, to learn how Active vs. Passive business activity can make a difference in your tax bill. Click here to register now.

Starting in 2013 high-income taxpayers will be subject to a new 3.8% tax on net investment income. Here’s the twist: The tax law considers income from “passive” ownership of a pass-through business – including LLCs (taxed as a partnership), partnerships and S corporations – to be investment income, which is subject to the new tax. Continue reading