Richard Zarin

Dec 4, 2023 | morganlewis.com | Jennifer Breen |Richard Zarin |Daniel Carmody |Stephen C. Tirrell

Private equity, hedge fund, and other investment fund sponsors should be aware of the recent development in the Internal Revenue Service’s (IRS’s) audit campaign with respect to potential liability for Self-Employment Contributions Act (SECA) tax on investment professionals through their limited partnership interests in fund management vehicles.