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Category Archives: self-employment tax

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Court Holds Taxpayer is Partner for Self-Employment Tax After Election Out Of Subchapter K

Posted in Joint Venture, Litigation/Controversy, Partnership/LLC, self-employment tax

The Tax Court recently ruled that a taxpayer was liable for self employment tax based on its status as a partner, even though the partnership had elected out of the partnership tax rules. Although the court in Methvin v. Commissioner respected the entity’s Section 761 election out of the Subchapter K partnership tax rules, it… Continue Reading