Partner Compensation: Partners as Employees?

Read Time: Less than 1 minute

Historically, Internal Revenue Service (“IRS”) enforcement regarding misclassifying partners as employees has been relatively lax. Recent guidance focused on this issue, however, may signal that the IRS will more actively enforce the rule that an individual may not be both an employee and a partner of the same entity. This article by Jeff Schaffart and Josh Norton discusses the implications of this guidance.

This content is made available for educational purposes only and to give you general information and a general understanding of the law, not to provide specific legal advice. By using this content, you understand there is no attorney-client relationship between you and the publisher. The content should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

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