CPAs Ask Congress for Clarification of Net Investment Income Tax


The American Institute of CPAs, along with the Virgin Islands Society of CPAs and the Guam Society of CPAs, have submitted a letter to Congress asking for clarification on whether the Net Investment Income Tax, which was included as part of the Affordable Care Act, applies to bona fide residents of the U.S. Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands.

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