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U.S. Tax Court: Limited Partner SECA Exception Requires Functional Analysis - Tax Authorities

The U.S. Tax Court recently issued a precedential opinion in Soroban Capital v. Commissioner, holding that the limited partner exception to the Self-Employed Contributions Act (SECA). ....

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Managing tax liability helps avoid unpleasant surprises when filing

Most folks know that the amount of income tax you owe for a given year depends on how much you earned. What a lot of folks don’t know is that there’s ....

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2024 tax law changes bring important reminder to stay informed of regulations

The likelihood of a church being audited is low, but churches still must be familiar with current IRS guidelines, says Lee Wright, church compensation specialist for the Alabama Baptist State Board of Missions. ....

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