13 Dec 2013 | Net Investment Income Tax (NIIT), US Tax
I think this quote from the August 2013 issue of the Journal of Accountancy sums it up pretty well: “The new surtax on net investment income will come as a surprise to many individuals… Even more surprising for individuals will be that most tax credits (e.g. the...
10 Dec 2012 | Dutch Tax, Investing, Net Investment Income Tax (NIIT)
Assuming no last-minute changes, the maximum US tax rate on long-term capital gains is set to increase on January 1, 2013, from 15% to 23.8% (including a 3.8% Medicare surcharge on investment income over $250,000). There is a lot of advice going around for people to...
15 Feb 2011 | Uncategorized
The IRS is offering people with undisclosed income from offshore accounts an opportunity to participate in a new, voluntary disclosure initiative in order to get current on their tax returns. The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available...
26 Dec 2010 | Uncategorized
A fairly common tax planning tip is to try to net out your capital gains and losses at the end of the year, so that (ideally) you do not have a “net” taxable gain, especially not a net short-term capital gain since this would be taxed as ordinary income...
24 Dec 2010 | Dutch Tax, Pensions
It’s getting close to the end of the year and the final deadline for Roth IRS conversions. The rules have been relaxed quite a bit so that pretty much anyone can convert their “Traditional” IRA to a “Roth” IRA. The cost of doing this for...
