On August 6, 2013, the IRS released a draft of 2013 Form 8960, Net Investment Income Tax – Individuals, Estates, and Trusts. Taxpayers use the form to compute the 3.8% surtax on net investment income, added by the 2010 Health Care Act. The IRS has not yet released instructions to the form.
The IRS states that the draft Form 8960 is based solely on the proposed regulations published on December 5, 2012. Although the regulations are generally proposed to be effective for taxable years beginning after December 31, 2013, taxpayers may rely on such regulations for the 2013 taxable year.