Effective in 2013, the Health Care and Education Reconciliation Act of 2010 will subject some individuals to a 3.8% Medicare contribution tax on unearned income. This article discusses strategies taxpayers can use to minimize the tax.
July 2011 - The Tax Adviser
LLCs & LLPs
Partners’ Limited Liability and Self-Employment Tax
The decision in Renkemeyer, Campbell & Weaver, LLP, signals that special allocations not supported by a written partnership agreement and without substantial economic effect will not withstand an IRS challenge and that classification of an interest in a partnership as a limited partner interest should not be predicated simply on a partner’s enjoyment of limited liability.
employee benefits & pensions
Equity-Based and Nonqualified Deferred Compensation Plans
This article provides an overview of the federal income taxation rules governing equity-based compensation plans as well as nonqualified deferred compensation plans.