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The Net Investment Income Tax: A Potential Pitfall for the Unwary
walshlaw

A new tax came into effect beginning in 2013, one that you might not have heard of: the Net Investment Income Tax. Basically, any income that is classified as Net Investment Income (NII) is subject to an additional tax at a flat rate of 3.8% of the amount of NII, provided that adjusted gross income […]

Beware: Some Current Scams Out There
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James D. Walsh, Maryland, Sort by Author    May 28, 2013

Our practice affords us the opportunity to see various proposals that are sent to our clients, which they often in turn forward to us for review. Here are three scams that we’ve seen quite frequently, which we advise avoiding completely. Sweepstakes and Lotteries One of the most vicious schemes, which seems to be targeting residents […]