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- Title
Choice of Entity Corner.
- Authors
Tierney III, Joseph E.
- Abstract
The article discusses the meaning of limited partner under the context of the passive activity loss rules and the self-employment tax under Code Section 469 by the U.S. Internal Revenue Service (IRS). Code Section 469 stipulates no interest in a limited partnership whereby a limited partner shall be treated as an interest with respect to a taxpayer participation. However, the self-employment tax is imposed on individuals on net earnings from self-employment by the individual or partnership.
- Subjects
UNITED States; LIMITED partnership; TAXATION of freelance work; PASSIVE activity losses; TAXPAYER compliance; EARNINGS management; UNITED States. Internal Revenue Service
- Publication
Journal of Passthrough Entities, 2010, Vol 13, Issue 2, p7
- ISSN
1099-7407
- Publication type
Article