In this February 25, 2013 125-minute presentation, Steven G. Siegel provides a comprehensive explanation of the "new" Medicare taxes created by the Health Care And Education Reconciliation Act of 2010 ("Obamacare"), which became effective on January 1, 2013. Very importantly, he provides practical and valuable suggestions of how to plan in order to try to eliminate or reduce these taxes. Mr. Siegel is a nationally-recognized tax and estate planning adviser and also author of The Siegel Post, which is located at www.NLFforms.com.

ό Introduction To The New Taxes

ό The New 0.9% Increased Medicare Tax On High Earners

ό The New 3.8% Medicare Net Investment Income Tax

• proposed Treasury Regulations
• net investment income determination
• will cause a huge shift in tax planning
• application to the income of trusts and estates
• understanding the modified adjusted gross income requirement
• understand the applicable threshold amounts
• issues likely to be disputed: the passive vs. the active income issues, including the tests for both individuals and trusts and estates

ό Planning Considerations For The Medicare Taxes On Earnings And Investment Income

ό Suggestions Of MAGI And Net Investment Income Reduction Planning For 2013 And Beyond

ό “Larger” Planning Strategies To Reduce Net Investment Income

• is the S corporation best suited for Medicare tax planning?
• use of QSSTs and ESBTs
• convert passive to active activities
• use the grouping election
• special concerns in connection with rental activities

ό Planning Considerations And Strategies For Trusts And Estates

SUGGESTED FORMS: Fully-editable forms prepared by Mr. Siegel for your immediate and unlimited use relating to this topic are available at www.NLFforms.com. Under the "TRUSTS" category, they are:
• Qualified Subchapter S Trust Form
• Subchapter S Corp Permitted Electing Small Business Trust Form

BOOKS FOR LAWYERS: Over 40 useful books on important legal issues facing attorneys are now available for immediate download at www.NLFforms.com. (Reading books without also listening to or viewing a recorded seminar earns NO CLE credits.)
 

This course does not qualify for NY CLE