Bloomberg BNA Releases Net Investment Income Tax Enhancement To BNA Income Tax Planner

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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


"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

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.

Logo -

SOURCE Bloomberg BNA

-0- 03/06/2014

/CONTACT: Lori Tagami, 703.341.3641,


PRN Photo Desk,

/Web Site:

CO: Bloomberg BNA

ST: Virginia




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