Fifth Circuit replaces its Sirius opinion with a new standard: "limited partner" under ยง 1402(a)(13) means no significant role in managing the business.
| less than a minute read
Fifth Circuit Narrows, but Preserves, Taxpayer-Favorable Ruling on Limited Partner Exception to Self-Employment Tax on Rehearing

/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-18-17-12-39-605-6a849287cd31376b59419aa4.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-18-13-30-09-167-6a845e61113f582fe6651230.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-18-13-28-26-737-6a845dfa7533d54440ca98e4.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-18-13-26-36-883-6a845d8c5a3ed43c85defd71.jpg)