United States:
The Obama Care Tax Forms: Part I
23 December 2013
Fox Rothschild LLP
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Our partner in the Tax and Wealth Planning Group Owen Knopping
recently sent us the first draft of the New Medicare Tax
Form (#8959). Although it is boldly stamped as a draft it is a
useful tool to have when calculating the tax as it
captures how the IRS sees the tax calculated.
The tax is in effect now and Form 8959 in its final version will
be part of the package we will be getting in January when tax
season begins. As of August 6, the calculation is set forth like
this:
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