Renkemeyer Case Sheds Light on Law Firm Tax Issues

A recent tax court case dealt with two issues that are relevant to many law firms. The first issue is the allocation of partnership income to the partners in the absence of a written partnership agreement. The second is whether income generated by a limited liability partnership is subject to self-employment tax.

8 minute read June 27, 2011 at 04:03 PM
By
Richard Stieglitz And Martin Arking
Renkemeyer Case Sheds Light on Law Firm Tax Issues

A recent tax court case involving a law firm dealt with two issues that are relevant to many law firms. In this particular case, the taxpayer had a bad set of facts and consequently ended up with a bad result.

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