Taxpayers have long attempted to limit the application of the Self-Employment Contributions Act (SECA ) taxes to income that is akin to employment income and not investment, or passive income, by relying on Code §1402(a)(13). That section provides that the SECA base excludes the distributive share of income or loss of a limited partner other than guaranteed payments to that partner for services actually rendered to or on behalf of the partnership.
Joan is a widely recognized authority on federal and international income tax and chair of the firm’s Tax & Benefits Practice Group. She has extensive experience helping clients navigate the tax aspects of their domestic and cross-border mergers and acquisitions, joint ventures, stock offerings, and other corporate finance matters. Joan regularly advises on corporate and partnership taxation, corporate and private investment fund formation, and tax planning. She is particularly experienced in tax issues related to private equity fund structures and transactions.