• tax preparation brighton ma

    Strategies for Avoiding or Reducing the new 3.8% Net Investment Income Tax

    Dukhon Tax shares strategies for Avoiding or Reducing the new 3.8% Net Investment Income Tax As of the beginning of 2013, new Code section 1411 imposes an additional tax of 3.8% on unearned net investment income. ┬áThe so-called “Net Investment Tax” or “NIT” kicks in after certain thresholds effectively pushing up the top marginal tax rate for individuals, trusts, and…

    Read More
  • IRS to Delay Tax Season

    IRS to Delay Tax Season The Internal Revenue Service will be delaying the start of the 2013 (tax year) tax season for approximately two weeks. ┬áThis is one of the residual effects of the government shutdown. Per the IRS: “The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing…

    Read More