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2014 Jan 17 – Turkovich

 
William S. Turkovich
IRS: No FTC for 3.8 percent NIIT
HodgsonRuss (17 Jan 2014)

http://www.hodgsonruss.com/Home/News_Seminars/Articles_and_Alerts/IRS-FTC-NIIT

The 3.8 percent net investment income tax for Obamacare cannot be offset by foreign tax credits. For persons with higher incomes, this will mean mismatch, with no offset for Canadian taxes paid. (Originally published in Canadian Tax Highlights, Volume 22, Number 1, January 2014)
 

Written by usxcanada

17 January 2014 at 6:00 am

Posted in Uncategorized