Webinar
This course is drawn from Steve Gorin’s 2nd quarter 2025 newsletter.
In Soroban Capital Partners LP v. Commissioner, 161 T.C. 310 (2023), the Tax Court held that a limited partner may be subject to self-employment (SE) tax if the limited partner is sufficiently active in the business. The Tax Court held a trial and determined in May that the limited partners were sufficiently active to subject themselves to SE tax. The opinion provided insight into what cannot escape SE tax and what may qualify for the exclusion. Our presenter will look to certain other areas of tax law governing service partnerships for clues and compare and contrast service partnerships to other businesses in those areas.
July 29, 2025
12:00 PM CT
Next, Steve will discuss various changes in the July 4 budget reconciliation law that affect business owners in a strategic way, including the 20% qualified business income deduction, IRC § 179 expensing, bonus depreciation, the business interest deduction, and opportunity zones.
Our presentation will conclude by delving into changes to the IRC § 1202 exclusion for gain on the sale of qualified small business stock (QSBS), including a deep dive into the rules and logistics when clients choose to convert partnerships and S corporations into C corporations.
CLE
The live presentation of this webinar was approved for 1.5 hours of general CLE credit in California, Illinois, and Texas; 1.8 hours of general CLE credit in Missouri; and 1.5 hours of professional practice CLE credit in New York. Please visit the CLE Overview page to see how the CLE credit for this recorded webinar can be applied in CA, IL, MO, NY, & TX.
If you are interested in receiving CA, IL, MO, NY, or TX CLE credit for watching the recorded presentation, you must register for the program by clicking here.
Participants will only be emailed a Certificate of Attendance if the webinar is viewed in its entirety. If you were unable to view the webinar in its entirety, please contact webinarinquiries@thompsoncoburn.com to see if you are eligible to receive partial credit.
If you do not receive your Certificate of Completion, please e-mail webinarinquiries@thompsoncoburn.com.
