Try our Advanced Search for more refined results

Expert Analysis

What White V. Commissioner Says About Partnerships

By Mark Leeds and Guoyu Tao (August 24, 2018, 1:34 PM EDT) -- It's not always apparent when a person cast as a partner should be treated as a disguised service provider or employee. This issue is squarely presented in the private fund area when drafting partnership carried interest provisions and implementing management fee waivers.[1] In each of these cases, if the ostensible partnership interest is disguised compensation, the "partner" will have ordinary income instead of an allocable share of the partnership's capital gains and other items. In addition, if an allocation or distribution is disguised compensation, the partnership could be liable for failure to withhold federal income taxes.[2]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!