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Tag: income tax

Plan ahead for the 3.8% Net Investment Income Tax

June 2, 2021 June 4, 2021 Tax Department Tax Bites income tax, investments, NIIT

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.

The “kiddie tax” hurts families more than ever

July 31, 2019 Tax Department Tax Bites income tax, kiddie tax, TCJA

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And while the tax caused some families pain in the past, it has gotten worse today. That’s because the Tax Cuts and Jobs Act (TCJA) made[ … ]

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Accountants | Auditors | Advisors | Consultants | CPAs :: BeachFleischman PLLC is the largest locally-owned public accounting and consulting firm in Southern Arizona and a Top 200 CPA firm in the United States. Serving clients in Phoenix, Tucson, Mesa, Scottsdale, Tempe, Gilbert, Glendale, Flagstaff, and Chandler, BeachFleischman provides accounting, audit, consulting, and tax services to businesses, organizations, and individuals (U.S. and foreign-based), doing business domestically and internationally. The BeachFleischman logo, BEACHFLEISCHMAN, and COLLABORATE FORWARD are all registered U.S. trademarks of BeachFleischman PLLC. ©2023 BeachFleischman PLLC. All rights reserved.