Nicole DeRosa is a Senior Tax Manager and has more than 12 years of public accounting experience, specializing in taxation for closely-held businesses and individuals. In addition to working with clients in an array of industries, she also teaches various continuing education courses for Surgent CPE and the AICPA. Because of Nicole’s extensive tax knowledge, she is a valuable resource for “all things tax” and regularly assists clients with federal and state tax controversy matters.
With the reconciliation markup process underway, one thing is certainly crystal clear at this point, tax rates are going up. Long term capital gain rates are currently slated to increase from 20% to 25%, or 28.8% including [an additional] net investment income tax, which to some might see as a relief since the original proposal had indicated these rates would increase to ordinary rates for high earners.21 September 2021