X
10Jul

Partners Must Pay Self-Employment Tax on Partnership Income—Even From a 'Disregarded Entity'

The IRS has published Final Regulations finalizing its prior guidance that partners in a partnership must pay self-employment tax on their partnership income, even if they work for an entity owned entirely by the partnership and that is disregarded...
By: Ballard Spahr LLP
Source Url: https://www.jdsupra.com/legalnews/partners-must-pay-self-employment-tax-51592/

Related

COVID-19 Language for New Construction Contracts: A Practical Approach

Introduction - Those entering into new construction contracts should include custom language addres...

Read More >

Mandatory Severance Payments, Longer Notice Periods and Other Key Provisions of the 2020 New Jersey Warn Act

New Jersey amended its existing WARN Act, otherwise known as the Millville Dallas Airmotive Plant Jo...

Read More >

New HSR and interlocking directorate thresholds announced for 2021

On 2 February 2021 the Federal Trade Commission (FTC) published the annual jurisdictional adjustment...

Read More >

Increased Investment Required for EB-5 Program Effective November 21, 2019

U.S. Citizenship and Immigration Services (USCIS) announced significant changes to the EB-5 Immigran...

Read More >

All Are Welcome! UAE Beckons Foreign Investors to Facilitate Transformation

Despite the difficulties brought on by the Covid-19 pandemic, November 2020 has been a transformatio...

Read More >

Does Your Acquisition Agreement Trigger a Form 8-K?

When a public company is contemplating an acquisition, lawyers should consider early in the acquisit...

Read More >