Entrepreneurs and investors should consider significant changes to the rules governing qualified small business stock (QSBS) included in H.R. 1, often referred to as the “One Big Beautiful Bill” (OBBB). The OBBB was passed...more
The Tax Court’s use of a functional analysis test to determine limited partner status in Soroban Capital Partners LP has had a ripple effect in the world of asset management. The decision’s impact will be felt in the tax and...more
6/18/2024
/ Advisory Committee ,
Asset Management ,
FICA Taxes ,
General Partnerships ,
Investment Funds ,
Limited Partnerships ,
Management Fees ,
Partnership Interests ,
Passive Activity ,
Payroll Taxes ,
S-Corporation ,
Self-Employment Tax ,
Tax Avoidance ,
Tax Court