“Thought for the Day” #642 – by Stephen R. Elville, J.D., LL.M.

January 13, 2016

If you are a trustee, you should become familiar with the Net Investment Income Tax (NIIT) and determine whether it is desirable (or even possible under the terms of the trust) to take action to minimize the imposition of NIIT on the trust assets and proactively manage the impact of the 3.8% tax.