Tax Planning, Taxes Steven Cashiola Tax Planning, Taxes Steven Cashiola

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.

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