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/2026-10-02-17-12-31-692-6abfe5ff7f63a687f5e4e75d.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-10-02-13-31-48-137-6abfb244792ab853edbd3255.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-10-02-13-27-27-402-6abfb13fd13db9426b444fa2.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-10-02-13-26-12-055-6abfb0f4d13db9426b444e9c.jpg)