Continuing Legal Education

TELESEMINAR: Trusts and the New Medicare Tax – A National Perspective

May 1, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours


There has never been a tax on net investment income – until now. Recent health care reform legislation imposed a 3.8% Medicare surtax on “net investment income.” The tax applies to the net investment income – capital gains, dividends, rents, royalties, interest, distributions – of trusts and estates as well as individuals. The new tax applies to income above $11,900 or $10,000 depending on the type of income. For the first time, practitioners will have to plan for the impact of tax, determine which types of income it applies to and to what extent, understand new administrative issues, and plan to minimize application of the tax. This program will provide you with a practical understanding of the new tax, how it applies to the income of trusts and estates, reporting of income, and planning techniques to minimize the tax. 


  • How the new 3.8% tax on “net investment income” applies to trusts and estates
  • Calculating “net investment income” and its impact on trusts, including QSSTs and charitable remainder trusts
  • Problems with holding businesses in a trust, including “material participation” rules
  • Planning techniques to minimize tax
  • Real world guidance on reviewing Forms K-1 and 8960
  • Issues with the allocation of expenses in trusts


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Program Speaker:
Jeremiah W. Doyle, IV
, BNY Mellon Wealth Management, Massachusetts



Jeremiah W. Doyle, IV is senior vice president in the Boston office of BNY Mellon Wealth Management, where he provides integrated wealth management advice to high net worth individuals on holding, managing and transferring wealth in a tax-efficient manner.  He is the editor and co-author of “Preparing Fiduciary Income Tax Returns,” a contributing author of Preparing Estate Tax Returns, and a contributing author of “Understanding and Using Trusts,” all published by Massachusetts Continuing Legal Education.  Mr. Doyle received his B.S. from Providence College, his J.D. form Hamline University Law School, and his LL.M. in banking from Boston University Law School.