David S. Wermuth

Feb 24, 2024 | mondaq.com | David S. Griffel |David S. Wermuth |Sarah McNeill

Schulte Roth & Zabel partners David Griffel and David Wermuth with associate Sarah McNeill authored the Hedge Fund Law Report article, "IRS Wins Round One Over Meaning of 'Limited Partner' for Self-Employment Income Purposes." They explored the November 2023 court ruling in Soroban Capital Partners, LP v. Commissioner ("Soroban"), which portends to widen the applicability of self-employment taxation to state law limited partners of flow-through operating businesses, such as private fund managers.