Net Investment Income Tax  

The Net Investment Income Tax (NIIT) is imposed by section 1411 of the Internal Revenue Code. The 3.8 percent NIIT applies to individuals, estates, and trusts that have income above the statutory threshold amounts. Since this tax can significantly affect your financial position, it is crucial to understand its details. This course will examine NIIT and discuss the three categories of net investment income, the potential for tax on that income, and how the choice of entity can affect the tax calculations. It also explains properly allocable deductions and how expenses are allocated to the three categories. This intermediate course is most appropriate for the professional with detailed knowledge of net investment income or the professional seeking to expand his or her knowledge base in the subject.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.