The pitfalls of treating partners as employees

11/11/2013 | Tax Adviser, The

Can a partnership treat a capital or profits interest partner as an employee for employment tax purposes? This article by Noel Brock, CPA, examines the law governing this complex issue and the ways partnerships sometimes deal with it in practice. It also suggests changes to the law that would avoid the temptation to treat a partner as an employee by allowing partnerships to file composite U.S. federal income tax returns.

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Tax Adviser, The

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