Effective January 1, 2013, Congress instituted a Net Investment Income Tax.
This tax is computed on Form 8960, which is attached to an individual, estate, or trust return.
On February 26, 2014, the IRS released the instructions for this one-page form.
The instructions run twenty pages!
IRS Circular 230 Disclosure
Pursuant to IRS Regulations, we inform you that any tax advice provided or implied on this post (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties that may be imposed on the taxpayer.
While the information contained in this post is believed to be reliable, we cannot guarantee its accuracy or completeness.