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Form 8960 Internal Revenue Service Irs

Form 8960 Internal Revenue Service Irs

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Instructions and help about Form 8960 Internal Revenue Service Irs

the 3.8 percent tax are you impacted if you ever subscribed to this Channel please do so below so in this video I'm going to cover the net investment income tax it's the 3.8 percent tax that are applied to certain individuals and we're seeing a lot of our clients get impacted by this it seems like every year more and more households are getting impacted I'm going to just walk through the history of this tax and I'm going to describe a couple tax planning tips not all of them just a couple to consider at the very end I'm going to show you a tax return to show you how it's being calculated and things that kind of consider to kind of help reduce your tax liability and for some of you it might just be a couple hundred dollars worth of tax for others might be a couple thousand dollars worth of tax but there's ways on how to kind of reduce it and you should just be very mindful of this it's been around since 2013. so aga

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