Memorandum to our Investment Management Clients and Friends
By EsqSocial Corporation 31/12/24
Tax Court Delivers Coal to Another Limited Partnership Management Company - On December 23, 2024, the United States Tax Court published an opinion1 (the “Opinion”), holding that limited partners that actively participated in a fund manager (the “Investment Manager”) structured as a limited partnership were subject to federal self-employment tax on their entire distributive share of income from the Investment Manager....
By: Seward & Kissel LLP