The Sirius Solutions Case Could Redefine Self-Employment Tax Rules for Partnerships
Why Business Owners and Investors Should Be Paying Attention
A legal case currently moving through the courts—Sirius Solutions LLLP v. Commissioner has the potential to reshape how the IRS and courts define “limited partner” for purposes of the self-employment tax exclusion under Internal Revenue Code Section 1402(a)(13).
If your business operates through a partnership or LLC, or you are involved in investment management, consulting, or professional services, this case may affect how your income is taxed.
Retirement Tax Prep Checklist: What to Consider Before You Draw a Dime
Retirement Tax Prep Checklist: What to Consider Before You Draw a Dime
Avoid costly missteps and get tax-smart before you start tapping your retirement savings.