A limited partner invests money in a partnership but has restricted voting power on company business and no day-to-day involvement in the business.

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, and not day-to-day activity, controls who qualifies for the self-employment ...

In today’s litigious society, safeguarding your wealth has never been more important. For high-net-worth individuals, business owners and anyone with substantial assets, protecting those assets from ...

As the name implies, a limited partner in a partnership is a partner, in contrast to a general partner, who has liability for ...

Generally, the IRS imposes taxes on all of a taxpayer's income—whether it's earned as an employee or as a self-employed individual. One significant exception is IRC Section 1402(a)(13), which excludes ...