Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Wealthy clients have found a way to avoid paying a key Obamacare tax Projections from the nonpartisan Joint Committee on Taxation show that revenue from a 3.8% surcharge on investment profit incurred by high-earning taxpayers could be lower than previous estimates, according to the Washington Post. Experts say that the lower revenue could be blamed on tax-saving strategies that wealthy clients use. For example, investors may place their investments in an S corporation and collect the profit from an investment as a salary and not as investment income that is subject to the surcharge.
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