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-- WITH PHOTO -- TO BUSINESS, AND NATIONAL EDITORS:
Bloomberg BNA Releases Net Investment Income Tax Enhancement To BNA
Income Tax Planner
ARLINGTON, Va., March 6, 2014 /PRNewswire-USNewswire/ -- Bloomberg BNA
today announced the release of the latest enhancements to the
company's BNA Income Tax Planner, which includes a new Net Investment
Income Tax calculation and supporting worksheets.
The new calculation and worksheets help professional tax practitioners
to effectively manage the Net Investment Income regulations, including
the most recent changes finalized in November 2013. These changes were
issued under Section 1411 of the Tax Code, and apply to IRS Form 8960
for reporting purposes starting with the 2013 tax year. Existing
customers will receive the new functionality as part of their regular
product update. Users of the Web version of the software will be
updated automatically. There is no additional charge for this
enhancement.
"What the regulations have effectively done is make it more
complicated for high net worth individuals with numerous investments
to understand their tax obligation. The basic calculations appear
pretty simple, but determining what's in and what's out of Net
Investment Income is not that easy," said Dean Sonderegger, executive
director of product management for Bloomberg BNA. "In response, we
took the existing capabilities of BNA Income Tax Planner to track an
investor's activities and, using our new calculation, made it easier
for practitioners to determine whether these activities should or
should not fall into Net Investment Income. We then enable
practitioners to model different options and help their clients make
the appropriate choices."
BNA Income Tax Planner is recognized as an effective, efficient,
accurate tax planning solution, and has consistently been given the
top rating by CPA Practice Advisor year after year. For more
information visit www.bnasoftware.com.
About Bloomberg BNA's Software Products Bloomberg BNA offers expert
software products for tax and accounting professionals. We are the
solution for professional firms and corporations of every size, who
depend upon Bloomberg BNA's software products for the highest degree
of tax, regulatory, and compliance expertise.
About Bloomberg BNA Bloomberg BNA, a wholly owned subsidiary of
Bloomberg, is a leading source of legal, regulatory, and business
information for professionals. Its network of more than 2,500
reporters, correspondents, and leading practitioners delivers expert
analysis, news, practice tools, and guidance - the information that
matters most to professionals. Bloomberg BNA's authoritative coverage
spans a full range of legal practice areas, including tax &
accounting, labor & employment, intellectual property, banking &
securities, employee benefits, health care, privacy & data security,
human resources, and environment, health & safety.
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SOURCE Bloomberg BNA
-0- 03/06/2014
/CONTACT: Lori Tagami, 703.341.3641, ltagami@bna.com
/Photo: http://photos.prnewswire.com/prnh/20120110/DC33627LOGO
PRN Photo Desk, photodesk@prnewswire.com
/Web Site: http://www.bna.com
CO: Bloomberg BNA
ST: Virginia
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0000 03/06/2014 18:58:00 EDT http://www.prnewswire.com
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