Planning for the 3.8% net investment income tax under the new regulations

Tax and business planning for entrepreneurial family business owners and investors webcast series

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Hosted by Ernst & Young LLP Personal Financial Services (PFS)

In this edition of our webcast series for entrepreneurial family businesses we’ll look at some of the key planning considerations for family business owners and investors who will be subject to the 3.8% net investment income tax (NIIT). We will address the following topics:

  • An overview of the final and revised proposed NIIT regulations: what’s changed from the proposed regulations; what is (and isn’t) investment income; and to what taxpayers and in what situations the NIIT applies
  • Thematic planning approaches to minimize the NIIT for investors, family business owners and trustees, including planning regarding passive activities, NIIT and the sale of a business and the identification and allocation of deductions
  • Use of deferred annuities and life insurance products, including private placement products, and other investment alternatives as part of NIIT planning


Laura MacDonough

National Director of S Corporation Services, Ernst & Young LLP, Washington, D.C.


Bobby Stover

PFS Southwest Region Leader, Ernst & Young LLP, Dallas, TX

Bobby Stover leads Ernst & Young LLP’s Personal Financial Services Practice for the Southwest U.S. region. He is a member of the executive committee of the EY Americas Family Business Center of Excellence. His primary focus is on advising family businesses, their owners and family members on how to grow and preserve their wealth, while, in turn dealing with the complex issues of business succession, governance, income tax and transfer tax. Bobby also has extensive experience advising families on the set-up and structure of their family office and private foundations.

Bobby has a Bachelors of Business Administration in Accounting from the University of New Mexico Anderson School of Management. Bobby is a Certified Public Accountant in New Mexico and Texas. He is a member of the American Institute of Certified Public Accountants, New Mexico Society of CPAs and the Texas Society of CPAs.

Chris Williams

PFS Markets and Communications Leader, Ernst & Young LLP, Stamford, CT

Chris Williams is a leader of the Northeast Sub-Area Personal Financial Services group within the Business Tax Services practice of Ernst & Young LLP. Chris practices in the area of providing financial planning services for senior corporate executives, financial planning programs for large employee groups and the assessment of financial planning tools. Chris advises on planning for corporate compensation and benefit programs (e.g., stock options, restricted stock, deferred compensation and pension distribution planning), estate and business succession planning, cash flow/budgeting and debt management, asset allocation, income tax planning, retirement planning, risk management and charitable giving.

Chris graduated cum laude from Albany Law School of Union University. He graduated magna cum laude from Union College, receiving a BA in political science.


Charlie Ratner

National Director of Personal Insurance Counseling and PFS Learning Leader, Ernst & Young LLP, Cleveland, OH

Charles Ratner is the National Director of Personal Insurance Counseling for Ernst & Young LLP. Since joining the firm in 1989, his practice has been devoted to providing life insurance consulting services to corporations, financial institutions and individuals and estate and business succession planning services to closely-held companies.

Charles is a graduate of the University of Massachusetts and Emory University School of Law. He is a Chartered Financial Consultant (ChFC) and a Chartered Life Underwriter (CLU). Charles has received the National Association of Estate Planners & Councils’ Accredited Estate Planner® (Distinguished) award and designation.