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Internal Revenue Code
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California Employment Law Update
“No Tax on Overtime” and “No Tax on Tips”: Key Considerations for Employers
By Seth Safra, Tyler Forni, Nicole Arslanian
Despite the simple and catchy sound-bites, the “no tax on tips” and “no tax on overtime” opportunities under the One Big Beautiful Bill Act (the “OBBBA”) have limits and require…
Agricultural Law and Taxation Blog
Legal and Tax Issues Associated with Prairie Fires
Overview The recent prairie fires across Oklahoma and Kansas have left cattle ranchers facing a complex landscape of legal and tax hurdles. Beyond the immediate devastation of lost forage and…
Compensation & Benefits Blog
IRS Issues Updated Safe Harbor Rollover Notices
By Roberta Chevlowe, Jay Jensen
Retirement plan sponsors should take note of new IRS safe harbor rollover notices. As a reminder, section 402(f) of the Internal Revenue Code requires retirement plan administrators to provide recipients…
Winstead - Investment Management
Fifth Circuit Rejects Tax Court’s Definition of “Limited Partner” for Self-Employment Tax Purposes
By Preston (Trip) Dyer, John Laughlin
The U.S. Court of Appeals for the Fifth Circuit ruled that the meaning of “limited partner” under Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended (the “Code”),…
Tax Talks
Fifth Circuit in Sirius Solutions Reverses Tax Court and Exempts Limited Partners from Self-Employment Tax
By Richard M. Corn, Robert A. Friedman, Laura Gavioli, Abraham Gutwein, Christine Harlow, Arnold P. May, David S. Miller, Amanda H. Nussbaum, Rita N. Halabi, Jacqueline Watson
On January 16, 2026, in Sirius Solutions, L.L.L.P. v. Commissioner,[1] No. 24-60240 (5th Cir. Jan. 16, 2026), the U.S. Court of Appeals for the Fifth Circuit reversed the Tax Court…
Texas Law Blog
The Fifth Circuit Defines “Limited Partner” for Purposes of the 1402(a)(13) Exception to Self-Employment Tax
By Jaye Calhoun, William Kolarik, Divya Jeswant, Kevin Baker, Derek Brondum
Overview of the Fifth Circuit’s Decision The United States Court of Appeals for the Fifth Circuit (“Fifth Circuit”) handed certain partners in limited partnerships within its jurisdiction a huge win…
Louisiana Law Blog
The Fifth Circuit Defines “Limited Partner” for Purposes of the 1402(a)(13) Exception to Self-Employment Tax
By Jaye Calhoun, William Kolarik, Divya Jeswant, Kevin Baker, Derek Brondum
Overview of the Fifth Circuit’s Decision The United States Court of Appeals for the Fifth Circuit (“Fifth Circuit”) handed certain partners in limited partnerships within its jurisdiction a huge win…
Employee Benefits
Coming Soon in 2026: Trump Accounts for Children Under Age 18
By James Earle
What Are Trump Accounts? A Trump account is a type of individual retirement account (IRA) established for the exclusive benefit of a child and designated as a "Trump account" at…
Microjuris Blog
Cuentas de ahorro para personas con discapacidades bajo el Código de Rentas Internas – Ley Núm. 177-2025
By Ed. Microjuris.com Puerto Rico
La ley añade una nueva sección al Código de Rentas Internas para establecer cuentas de ahorro para personas con discapacidades, con vigencia inmediata.
SALT Shaker
Governor Hochul’s New York FY 2027 Executive Budget proposal released
By Jeremy Gove, Periklis Fokaidis
On January 20, 2026, New York Governor Kathy Hochul released her FY 2027 Executive Budget proposal. Unlike prior years’ proposals seeking sweeping tax reforms, the FY 2027 proposal contains more…